RESIDENTIAL PROPERTY
THE national vacancy rate has stumbled back to a record low of 0.8% in January, though rental gains continued to slow over the month...
According to Domain’s latest Vacancy Rates Report, following a seasonal rise in December, vacancy rates returned to a record low in January...
The combined capital vacancy rate fell from 1.1% in December to 0.8%, with the combined regions falling from 0.9% to 0.8%...
From December to January, Sydney fell from 1.3% to 0.9%, Melbourne from 1.2% to 0.9%, Brisbane from 0.9% to 0.8%, Perth remained unchanged at 0.4%, Adelaide fell from...
“Vacancy rates in Sydney are back at a record low, while Melbourne, Adelaide and Perth are close to an all-time low. It was expected that the rental market would tighten in...
Despite this, most capital cities have seen rental increases slow and average views per listed have dropped on an annual level...
“The glimmer of hope for renters this year does remain as we are likely moving into a period of slower rental growth and the number of prospective tenants per rental listing is...
“We are also likely to see some renters transitioning to homeownership with the new first-home buyer incentives in place along with a potential interest cut that will...
In Sydney, rental supply was at its lowest for the month of January, while view per listings surged for the month but fell annually...
In Melbourne, rental stock remained at an all-time low for the month of January and also saw an increase in views per listing for the month and a decline for the year...
Brisbane saw its first monthly decline since September, as vacant rental dropped and average view per listings rose...
Perth was the only city with a steady rate and Adelaide was the tightest city in the nation, with both needing a boost to rental supply to improve conditions for renters...
Darwin’s vacancy rate was the second highest of the capitals, behind only Canberra where the largest month drop was also recorded. While Hobart fell to its lowest rate...
“We anticipate a tipping point to be reached at some stage this year, making a return to a more balanced rental market,” concluded Powell.