Sydney rents fall despite fears of a post-budget spike

핵심 요약

• Sydney rents fell 0.4 per cent in the September quarter, defying expectations of a post-budget surge. Nationally, rents grew 0.5 per cent, down from 1.6 per cent in the June quarter, as vacancy rates increased.
• The national median rent hit a record $713 per week. Cotality's Tim Lawless said rental demand is restructuring as affordability limits are reached.
• Vacancy rates rose to 2.1 per cent in September, with Sydney at 2.5 per cent. Property groups warned of rental price increases due to budget changes, but economist Saul Eslake disputed this claim.