It's already starting to show up in vacancy rates. "In the last 12 months, the vacancy rate has gone up about 0.7 per cent across metropolitan Sydney," Real Estate Institute of NSW president, Malcolm Gunning, said.
"In different spot areas, you have high vacancy.
"What we are seeing now is the finalisation of a lot of new apartment buildings throughout Sydney: the construction boom is in full swing."
I guess rental has its own cycle as well? when is the last time rental goes down in Sydney?
"In different spot areas, you have high vacancy.
"What we are seeing now is the finalisation of a lot of new apartment buildings throughout Sydney: the construction boom is in full swing."
I guess rental has its own cycle as well? when is the last time rental goes down in Sydney?