Bad news for renters as vacancies plummet to 16-year low

Wednesday, 16 February 2022

SQM research has released rental vacancy data for January, which has fallen to a 16-year low of just 1.3%:

As shown above, rental vacancies have cratered to just 1.1% in Brisbane and are tracking below 1.0% across all of the other smaller capitals. By contrast, vacancies are looser in Sydney and Melbourne, which have been hit harder by the collapse in immigration.

According to SQM Research managing director, Louis Christopher:

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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.