Oversupply of apartments pushes Sydney vacancy rate to record high
In a rental market, the balance of power typically tips towards the tenant when vacancy rates exceed 2.5% – as such, Sydney is currently a renters’ paradise. Throughout January, Sydney observed a 3.7% vacancy rate, up from the 2.3% a year ago – far exceeding the 2.5% tipping point, with almost 1 in every 25 apartments going uninhabited. News.com.au attribute
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