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SQM Research has released its rental vacancy series for July, which revealed a small rise in the national vacancy rate to 2.3% from 2.2% last month; although it was steady over the year:
Over the year, increases in vacancies were recorded in Sydney (+0.7%), Melbourne (+0.4%) and Canberra (+0.3%), whereas they fell in Brisbane (-0.5%), Perth (-1.0%), Adelaide (-0.2%), Hobart (-0.2%), and Darwin (-0.5%).
As shown in the next chart, Sydney’s rental vacancy rate has hit its equal highest on record (since 2005):
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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.