Sydney apartment rents collapse to 6-year low

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Domain has released its latest rental report, which reveals that rents across Sydney and Melbourne fell by nearly 5% in the year to September:

According to Domain, Sydney’s apartment rents have fallen to a six-year low:

Unit rents across inner Sydney are at their cheapest in years with prices falling to a six-year low…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.