Tight vacancies triggers rental boom

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SQM Research has released its July rental report, which recorded the equal lowest national rental vacancy rate since May 2011 at just 1.7%:

Rental vacancy rates

Down everywhere except Melbourne..

The next chart plots the time series at the national level and shows clearly the sharp reduction in the vacancy rate over the past year:

National vacancy rate

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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.