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Domain has run a series of reports on the swelling rental vacancies across Sydney and Melbourne.
The amount of time Sydney homes are sitting advertised for rent has stretched out to 50 days, despite the fact nearly a third of rentals across the city have slashed their asking price.
The latest figures from Domain showed the proportion of rental listings with a price discount was 30.1 per cent in November 2020, up 6.7 percentage points compared to November last 2019.
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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.