RESIDENTIAL PROPERTY
RENTAL vacancy rates have remained steady over the month of February despite still sitting in a precarious position overall.
Through February 2023 they held at the 1.0% mark with just one capital city recording a fall in rental vacancies. However this is...
Melbourne dropped to 1.1% while Canberra, Darwin and Hobart all recorded rises of 1.8%, 1.4% and 0.9%, respectively.
Sydney, Brisbane and Adelaide all stayed put at 1.3%, 0.8% and 0.5% while Perth remained the tightest with rates of just 0.4%.
The vacancy rates’ February performance, while still at a concerningly low level, is a promising sign with SQM Research’s managing...
“I was expecting a decline in rental vacancy rates over February. However, the result came in steady and indeed we recorded...
“Could we be seeing some light at the end of the tunnel for our national rental crisis? Perhaps for some cities and regions...
Vacancy rates are up in Canberra (+1.2%), Darwin (+0.5%) and Hobart (+0.5%) in February 2022 figures. Adelaide’s Feb 23 rate of 0.5% is unchanged from...
The CBDs of Sydney, Melbourne and Brisbane all decreased sharply to 2.6%, 2.2% and 1.2% over the past month, likely as a result of demand from international students.
Regional rental vacancy rates recorded rises after falls in January. Blue Mountains, NSW (1.9%), Mornington Peninsula, VIC (1.4%) and...