Australian Property

Rental vacancies fall, but Perth and Darwin stuffed

Leith van Onselen
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By Leith van Onselen

SQM Research has released rental vacancies data for January, which registered a 0.3% decline over the month, but a 0.1% increase year-on-year (see below table).

ScreenHunter_6141 Feb. 18 11.17

As shown above, falls were recorded in all capitals cities, with the biggest declines in the big population centres of Melbourne, Brisbane, Canberra and Sydney, as workers and students sought accommodation after the summer break.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.