SQM Research has released its rental vacancy series for May, which revealed a small fall in the national vacancy rate to 2.2% from 2.3% last month; although it was up 0.1% over the year:
Over the year, increases in vacancies were recorded in Sydney (+0.8%), Melbourne (+0.4%) and Canberra (+0.4%), whereas they fell in Brisbane (-0.5%), Perth (-1.0%), Adelaide (-0.2%), Hobart (-0.2%), and Darwin (-0.2%).
