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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:
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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.
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