SQM Research has released its rental vacancy series for May, which revealed a steady national vacancy rate over the month but a 0.2% decline over the year:
Over the year, decreases in vacancies were recorded in Adelaide (-0.4%), Perth (-1.0%), Brisbane (-0.6%) and Canberra (-0.2%), whereas increases were recorded in Sydney (+0.8%), Darwin (+0.2%) and Hobart (+0.2%), and Melbourne’s vacancy rate was flat.
