Rental vacancies flat in October


By Leith van Onselen

SQM Research has just released rental vacancy data for the month of October 2012, which revealed little change over the month:

The key points from the release are:

  • Nationally, vacancies stagnated during October, with a mere difference of 560 vacancies, coming to a total of 49,104 and a national vacancy rate of 1.8%.
  • Melbourne recorded the highest vacancy rate of the capital cities, revealing a vacancy rate of 2.8% and a total of 12,037 vacancies.
  • Perth recorded the tightest vacancy rate of the capital cities, revealing a vacancy rate of 0.6% and a total of 1,025 vacancies.
  • Canberra recorded the highest yearly increase in vacancies, climbing 0.5% to 1% since October 2011, coming to a total of 522 vacancies.
  • Darwin recorded the most substantial monthly increase, rising 0.2% to 0.7% during the month of October 2012 and coming to a total of 171 vacancies.
  • Hobart recorded the largest monthly decrease in vacancies, falling by 0.3% since September 2012.

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.

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.