This sudden drop in effective rental levels has been driven by a steep rise in vacancy, from 3.9% in January 2020 to 5.6% in July 2020. ", SQM Research, Share of vacant residential rental properties in Sydney in Australia from February 2011 to 2020 Statista, https://www.statista.com/statistics/1109541/australia-rental-home-vacancy-rate-in-sydney/ (last visited December 12, 2020), Share of vacant residential rental properties in Sydney in Australia from February 2011 to 2020, Residential rental market in the United Kingdom (UK), Montly rent per square meter in European cities 2018, UK Housing: Average weekly rent of social renters in England 2008-2019, Average (mean) monthly private sector rents in England 2018, by region, Average monthly rental costs in Greater London 2019, by borough, Quarterly house price to rent ratio in Europe H1 2020, by country, Property tenure distribution in the United Kingdom 1980-2019, Number of dwellings in England 2018, by tenure, England: number of social rented households 2000-2019, Number of private rented households in England 2000-2019, under-occupied housing in England 2005-2019, by tenure, Number of build to rent homes in London and the UK Q4 2019, by stage, Number of build to rent homes in the UK Q4 2017-Q4 2019, by status, Social housing providers in the United Kingdom (UK) 2020, by type of organisation, Share of rental properties owned by landlords in England 2018, by portfolio size, Share of rental properties owned by landlords in England in 2018, Changes in rent for new tenants in rented property by landlords in England 2018, Main concerns of landlords and agents in England 2018, Main reasons tenancies were ended by landlords in England 2018, Types of tenants landlords are unwilling to let to England 2018, Share of adult's living situations in the United Kingdom (UK) 2017, by country, Share of adult's living situations in the United Kingdom (UK) 2017, by region, Average number of years in current home in England 2010/11-2018/19, English housing: proportion of private rented households 2000-2019, Social renters average number of years in current home in England 2010-2019, Tenants among the population of the United Kingdom (UK) 2007-2018, Actual rentals paid by tenants in the United Kingdom 2000-2019, UK housing: Length of residence in current home of private renters in England 2018/19, Vacancy rate of rental properties in Canberra Australia 2011-2020, Vacancy rate of rental properties in Sydney Australia 2011-2020, Vacancy rate of rental properties in Hobart Australia 2011-2020, Vacancy rate of rental properties in Melbourne Australia 2011-2020, Vacancy rate of rental properties in Brisbane Australia 2011-2020, Vacancy rate of rental properties in Perth Australia 2011-2020, Vacancy rate of rental properties in Darwin Australia 2011-2020, Office space vacancy rate in Boston 2020, by district, Office property vacancy rate London's West End (UK) 2019-Q3 2020, by district, Office property vacancy rate City of London 2019- Q3 2020, by district, Vacancy rate of office space in Inland Empire West, California Q2 2020, by district, Vacancy rate of office space in Inland Empire East, California Q2 2020, by district, Vacancy rate of office space in Inland Empire South, California Q2 2020, by district, Vacancy rate for office property in Norway H1 2020, by city, Vacancy rate of office real estate in Denmark Q2 2020, by area, Vacancy rate of office real estate in Copenhagen 2010-2020, Office property vacancy rate London 2019-Q3 2020, by district, Vacancy rate of self-storage space in the U.S. 2015-2020, Average residential property selling price in the Netherlands 1995-2019, Price change of residential property in Denmark 2017-2019, Price index in real terms (RHPI) of residential property in Europe 2000-2020, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. This feature is limited to our corporate solutions. They currently average between $651 and $807 psm for Premium and A-Grade premises and circa $547 for B-grade spaces. Values based on … The market is a 2 tiered one of inner city vs suburbs … (April 3, 2020). A new study by Money.co.uk looked at the age of first-time buyers across 25 countries and found that Australians are, on average, 36 years old when buying their first home. CoreLogic ‘rental stock on market’ data shows Sydney and Melbourne markets loosen over May Eliza Owen 22 Jun 2020 Amid COVID-19, much attention has been given to weaker rental market conditions. This sudden drop in effective rental levels has been driven by a steep rise in vacancy, from 3.9% in January 2020 to 5.6% in July 2020. In February 2020, the Australian city of Sydney had a residential rental property vacancy rate of 2.9 percent. The REINSW Vacancy Rate Survey for June indicates vacancies across the inner city rising , ‘...for the fourth consecutive month and now sit at 4.5%, up 0.4% from May and 1.5% since March’. Before the pandemic slammed the economy, the last quarter’s rental figures revealed a strong market. The COVID-19 pandemic has been an unprecedented shock to the rental housing market, reducing demand for rental properties at the same time as supply has increased. Team at Metro Realty | 3 months ago . There’s been a … Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook According to Ed Washer, Director, Head of South Sydney at Savills Australia, “In 2019, the South Sydney industrial market saw a slowdown in rental growth and capital values due to a lull in activity which was heavily influenced by a shortage of business confidence. Buyers put their faith in the Sydney market again, and rental supply is increasing as new properties come on to the market read more NSW Excerpt from the 2020 March Market report Sydney heads into 2020 on a strong footing but with measured growth as the market follows a … Sydney Rental Market has been very tenant friendly with house and unit rents back down to what they were in 2015/2016. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Looking at apartments, the only state capital where properties shifted off market faster was Hobart, averaging 13 days to lease (2% faster, month-on-month). If you are unable to view or access the data in the dashboard above, please email RentandSales@facs.nsw.gov.au (Note: this figure does not include the abundant amount of sublease space You need a Single Account for unlimited access. With a median unit price of $1,060,000, Sydney is higher than New South Wales' median unit price of $653,000. If it continues on its current trajectory, it will hit record highs before the year is out. Are you interested in testing our corporate solutions? Tue 28 Apr 2020 13.30 EDT Last ... said the rental market was “very challenging” in Sydney’s inner suburbs. Sydney and the New South Wales district is beautiful, a destination of dreams for global travelers wishing to sample the lifestyle and unique economy of Southeast Australia.. Sydney and NSW rental market update In terms of the rental market we are firmly in a renters market, with tenants prioritising affordability above all else. Higher than New South Wales ' median unit price of $ 653,000 per cent of Sydney had a rental! Download in PNG, PDF, XLS format, access to background information and details about the of., Sydney remained the most expensive rental market has been very tenant friendly with house and unit rents back they! Who are getting itchy feet who are getting itchy feet the positive side, vacancy rates & rental fall. 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