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SQM Research has released rental vacancy data for the month of January, which reveals a tightening market outside of Sydney and Melbourne.
As shown in the table below, the vacancy rate nationally fell to 2.0% in January, down 0.1% from the same time last year:
However, rental vacancies were higher than a year ago across Melbourne and Sydney, reflecting in part the collapse in immigration that has taken place when the COVID pandemic hit in March last year:
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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.