Economy slowing, Sydneysiders moving and towers shooting up.
DESPERATE landlords are having to slash rents to get citydwellers to move into their properties as new data shows our cities are littered with empty homes.
While there’s a mixed picture for Melbourne and Brisbane, Sydney has just recorded its highest vacancy rate in at least 13 years — as SQM Research figures now show 2.8 per cent of the city’s units and houses are sitting unoccupied. And they say it’s only going to get worse in the coming months.
