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SQM Research has released rental vacancy rates for October, which reveals that the nation’s vacancy rate has fallen to 1.6% – down 0.5% year-on-year and the lowest rental vacancy rate since March 2011:
The next chart plots the national vacancy rate on a three-month moving average basis to smooth volatility:
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According to SQM:
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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.