Australia’s rental crisis adds to inflationary shock


SQM Research has released its rental vacancy data for May, with the national rental vacancy rate falling 0.1% to 1.0% – a new 16-year low:

Australian rental vacancy rates

As shown above, rental vacancies are tracking below 1% everywhere but Sydney and Melbourne.

The next chart plots vacancy rates across the major capitals and nationally:

Vacancy rates time series

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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.