Sydney house rental market house rent 350 pw, page-9

Rental income is falling commensurate to falling interest rates.

In addition, there are less people coming to Australia, either as students/tourists or businessmen/women.

That has taken a lot of demand out of the market. Yet, the supply side of new housing is still increasing.

All these things combined is exacerbating the rental yield.

Certainly good for renters and home buyers, but not so good for landlords.