Domain: Rental market to tighten as international border reopens

Domain has released its June Rental Vacancy Report, which has reported extreme tightness across most markets:

The below charts show the vacancy rates across each capital city market.

Sydney

Melbourne

Brisbane

Perth

Adelaide

Hobart

Canberra

Darwin

The tightening rental vacancies explains the surge in rental growth across Australia, which rose by 8.9% in the year to September 2021. This was the fastest annual rental growth since the GFC in 2008:

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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.