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Domain’s rental vacancy data for March showed that Australia’s rental market is the tightest on record, with a nationally vacancy rate of only 1.0% and six of the nation’s capital cities reporting vacancy rates under 1%:
Tightest rental market on record.
Moreover, Domain’s chief of research and economics, Nicola Powell, believes the rental market will tighten even further as mass immigration is rebooted:
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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.