SQM Research has released its rental vacancy series for September, which revealed no movement in the national vacancy rate over the month but a 0.2% decline over the year:
Over the year, decreases in vacancies were recorded in Melbourne (-0.1%), Perth (-0.5%), Adelaide (-0.4%), Hobart (-0.2%), Darwin (-0.4%), and Canberra (-0.1%), whereas increases were recorded in Sydney (+0.3%) and Brisbane (+0.3%).
Turning to asking rents, the picture remains mixed, with annual asking rents rising way faster than incomes in Melbourne, Canberra, and Hobart, rising broadly inline with incomes in Sydney and Adelaide, and soft/falling in Brisbane, Perth and Darwin:
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