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Inner-City Pain Still Regional Gain – The Urban Developer

Sydney and Melbourne CBD rental vacancy rates remain elevated despite falls in January, as demand for inner city property is expected…

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SQM chief executive Louis Christopher says the results are more evidence the worse is over for landlords in Sydney and Melbourne rental markets.
The falls in vacancy rates for the month in those two cities, combined with the increased tightness in other cities and regions, has now brought rental vacancy rates down to below where they were prior to the Covid-19 outbreak.
Now to be clear, CBD rental vacancy rates in both Sydney and Melbourne remain elevated, despite recent falls. And we remain of…

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