‘National scandal’: city’s 90,000 empty homes

  • Sydney’s housing affordability crisis is being artificially inflated by up to 90,000 properties standing empty in some of the city’s most desirable suburbs, experts say.

Vacant properties were among the “perverse outcomes” of tax incentives that encouraged some investors to favour capital growth over rental returns, according to the analysis by the UNSW’s City Futures Research Centre.

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Housing Shortage

The mismatch between housing supply and need could be artificially inflating Sydney’s housing shortage, experts say. Photo: Supplied

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