SQM Research has released its rental vacancy series for October, which revealed a 0.1% decline in the national vacancy rate over the month and a 0.2% decline over the year:
Over the year, decreases in vacancies were recorded in Melbourne (-0.1%), Perth (-0.8%), Adelaide (-0.6%), Hobart (-0.2%), Darwin (-0.7%), and Canberra (-0.2%), whereas increases were recorded in Sydney (+0.2%) and there was no change in Brisbane.
Turning to asking rents, the picture remains two-speed, with annual asking rents rising way faster than incomes in Melbourne, Canberra, Hobart, and Adelaide, but falling in Sydney, Brisbane, Perth and Darwin:
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