Property Forecasting > Report
Dwelling completions in Sydney have surged over the past five years and the strong supply pipeline in the unit market has seen the rapid reduction in the undersupply. Such high levels of construction in recent times has placed upwards pressure on vacancy rates to the extent where Inner, Middle and Outer Sydney all have vacancies now slightly above the 3% balanced market rate. The expected emergence of a moderate oversupply in Sydney's unit market from June 2019 is expected to persist for several subsequent years.
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