Rental market tightening. But for how long?

Advertisement

SQM Research has released its rental vacancy data for February, which registered a 0.1% decline in vacancy rates over the month and a 0.2% fall over the year:

Most states recorded falling vacancy rates with the exception of Hobart, which recorded a 0.3% increase.

SQM Research is predicting further declines in vacancy rates given the collapse in dwelling construction. That is, unless Australia enters into a prolonged economic depression:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.