Sydney landlords smashed by falling prices and rents

Monday 14 January 2019

Domain has released its December quarter Rental Report, which reveals that annual Sydney rents have fallen for the first time in 12 years, down by 1.8% (houses) and 2.8% (units) in 2018:

The decline in Sydney rents follows an epic increase in rental vacancies, which rose to a record high 2.8%, according to SQM Research:

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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.