Rising rental vacancies hit Sydney's suburbs
Sydney’s climbing rental vacancies have spread from the inner city to the outer suburbs, downwards pressure is being placed on rents in Melbourne, while a dwindling supply of properties available for lease has Perth on the cusp of a rental shortage.
Rental vacancies are beginning to rise in greater Sydney as the COVID-19 crisis continues,. Photo: Shutterstock (Image source: Shutterstock.com)
Sydney’s climbing rental vacancies have spread from the inner city to the outer suburbs, downwards pressure is being placed on rents in Melbourne, while a dwindling supply of properties available for lease has Perth on the cusp of a rental shortage.
Recent rental market analysis from the Real Estate Institute of NSW showed the COVID-19 pandemic was continuing to impact property markets right across New South Wales, with overall vacancies rising …
