Tag Archives: Sydney

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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11th Hour Rush – November Listings Spike by 26,605, 7.9%

Property listings spike to highest level since 2009 in Sydney National listings jumped 7.9% in November to 361,619 from 335,014 in October Sydney +7.5% Melbourne +11.6% Brisbane +8.4% Perth +9.7% Adelaide +11.8% SQM Research has released a report showing that a last-minute rush-to-market listings spike has hit the nation, with some 26,605 new listings going live between October & November

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