As the rental crisis continues to hit Sydney siders hard, the areas of the city with the highest rental vacancy rates have been revealed. Across Australia, the vacancy rate has hit a new record low of 0.7 per cent, according to new data from Domain. In fact, in all capital cities, aside from Adelaide and Hobart, the vacancy rates declined throughout February 2024. Unfortunately for Sydney renters, the city’s vacancy rate overall fell to a new record low of 0.
8 per cent in February 2024, Domain said, citing a “record low level of supply”. However, average views per rental listing in Sydney declined over the month and annually, highlighting slower demand
Sydney Rental Crisis Vacancy Rates Record Low Supply Demand
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