SQM Research has released its rental report for March, which reveals an extremely tight rental market outside of Sydney and Melbourne, which are suffering from high apartment vacancies from the collapse of international student arrivals.
As shown in the next table, the national rental vacancy rate rose 0.1% in March to also be 0.1% higher than a year ago. However, this increase in vacancies has been driven by Melbourne (+2.5% YoY) and Sydney (+0.5% YoY), whereas the other capitals have all recorded falling vacancy rates over the year.
Rental vacancies are tight everywhere but Sydney and Melbourne.
