Sydney’s staggering drop in available rental properties

Sydney tenants on the hunt for a new rental have 62 per cent fewer properties to choose from than they did at the start of the Covid pandemic. “It’s an incredibly staggering drop,” PropTrack economist Anne Flaherty said. “The fact that we have seen such a large drop in such a short number of years really points to how much has changed in the market,” she said. PropTrack data released Wednesday revealed Sydney recorded the sharpest drop in available rentals across the nations major cities last month. The vacancy rate is now 1.2 per cent. Long lines of renters have…
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