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After recording the tightest rental vacancy rate since the Global Financial Crisis (GFC) in August, SQM Research recorded a small 0.1% rise in the national vacancy rate in October:
Sydney and Brisbane’s vacancy rate rose to 2.7% and 1.4% respectively in September from 2.6% and 1.3% in August.
In Adelaide, Perth, Darwin, Canberra and Hobart the vacancy rate remained below 1.0%, whereas Melbourne’s vacancy rate remained steady and elevated at 3.5%.
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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.