Rental vacancies declined in May

Tuesday 18 June 2019

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%).

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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.