Rental vacancies rise from GFC low

Wednesday, 13 October 2021

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.