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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%:
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:
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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.
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