As usual, there is a wide divergence within the capital city markets, with Perth’s and Darwin’s rental markets tightening over the year to extreme levels. By contrast, Melbourne’s and Hobart’s rental markets are relatively loose, with the other capitals sitting somewhere between these two extremes.
With housing construction levels weak everywhere except Melbourne and the ACT, and population growth (immigration) starting to rise, rental vacancies are likely to remain tight for the foreseeable future.
Twitter: Leith van Onselen. Leith is the Chief Economist of Macro Investor, Australia’s independent investment newsletter covering trades, stocks, property and yield. Click for a free 21 day trial.
