Vacancy rates fall as Airbnb’s return to long-term rental market

Tuesday 14 July 2020

SQM Research has released rental report for June, which revealed a reduction in vacancy rates but a sharp fall in asking rents.

As shown below, all capital cities recorded declines in vacancy rates over the month. The national vacancy rate is also 0.1% lower than the same time last year:

CBD vacancy rates remain elevated, but have fallen from May’s highs:

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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.