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Domain has released rental vacancy data for May, which shows that the national rental vacancy rate has fallen to its lowest level since Domain records began in 2017:
Lowest rental vacancies on record.
Vacancy rates have fallen particularly hard across the smaller capitals, with Brisbane (1.3%), Adelaide (0.6%) and Darwin (0.5%) all posting record low vacancies.
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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.