Australian Property

Amid epic building boom, Melbourne rental vacancies fall

Leith van Onselen
Tuesday, 19 April 2016
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By Leith van Onselen

SQM Research has released its rental vacancy data, which registered no change in the rental vacancy rate across the nation in March, although the vacancy rate was up by 0.2% over the year (see below).

ScreenHunter_12671 Apr. 18 16.34

As shown above, the commodities bust continues to weigh heavily on both Perth and Darwin, with vacancy rates jumping by 1.4% and 0.2% respectively over the year. Brisbane, too, is experiencing rising rental vacancies (up 0.5% YoY to 2.6%).

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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.