SQM Research has recently reported that rental vacancy rates across the major capitals have ballooned due to a combination of collapsing immigration, short-term rentals like Airbnbs returning to the long-term market, and heavy job losses:
But while inner-city rental vacancies have soared, vacancy rates across regional areas are shrinking, according to SQM, due to “an unprecedented and sudden shift towards regional living… triggered by Coronavirus and the discovery that working remotely is now very achievable for many businesses”:
If you haven’t been sleeping under a rock, you will very likely be well aware of our outright bearishness towards the Sydney and Melbourne housing markets right now (and to a lesser extent, Brisbane)…
