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 …

Continue reading Oversupply of apartments pushes Sydney vacancy rate to record high

New report shows real estate market downturn is real, but overblown

Inaccurate figures and hasty predictions exaggerated the downturnIn 2018, Sydney’s market fell by 1.48%, Melbourne by 5.93%Adelaide saw a property price increase of 1.1% A recent report from realestate.com.au has reflected on the downturn seen throughout 2018, continuing to tug on the market in 2019’s early stages, surmising that Australia is “now in the midst …

Continue reading New report shows real estate market downturn is real, but overblown