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[Global Times Comprehensive Report] The recent situation in Sydney, Australia's largest city, which was hot in the early real estate market, has made rental owners worried. According to the Australian Daily Telegraph on the 18th, the vacancy rate of rental housing in many areas of Sydney has increased significantly recently, and this situation is particularly prominent in the high-rise buildings and sea view apartments market.

Currently, Sydney's central business district has the largest supply of vacant homes, with about 5.5% of rental properties being advertised for rent. It is generally believed that the vacancy rate is balanced between 2.5% and 3%. The vacancy rate in the northern coastal area of ​​Palm Beach is even over 27%, the highest in Sydney.

Analysts believe that the current rental market in many parts of Sydney has changed from being dominated by owners to being dominated by tenants. In order to rent out their houses quickly, many owners even provide tenants with a rent-free period of up to one month. Industry insiders pointed out that the Australian federal government has recently adopted a policy to restrict overseas immigration, especially international students, which has directly contributed to the cooling of the local rental market. In addition, Sydney's rents have risen sharply in the early stage, and many tenants have sought to share rather than rent the entire house, which has also led to an increase in the number of local rental houses. Some analysts also believe that driven by the hot market expectations in the early stage, many rental owners have significantly increased their rents, and it is difficult to continue to increase them at the moment, and they may even have to choose to lower rents in the future. (Zhen Xiang)