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Rental vacancy rates fall across Australia
The Perth and Darwin rental markets have experienced significant shifts over the past year, new data has revealed.
Perth’s vacancy rate was 4.1 per cent at the end of October, compared to 4.9 per cent the year before, according to SQM Research.
Darwin’s rental market also tightened, from 3.2 per cent to 2.5 per cent.
Rental properties also became harder to find in all but one of Australia’s other capital cities.
The exception was Sydney, where the vacancy rate climbed from 1.7 per cent to 1.9 per cent.
Hobart continues to be the most landlord-friendly market (0.3 per cent), while Perth is the most tenant-friendly.
| Region | October vacancy rate | Previous month | Previous year |
|---|---|---|---|
| Adelaide | 1.4% | 1.6% | 2.0% |
| Perth | 4.1% | 4.5% | 4.9% |
| Melbourne | 1.8% | 1.9% | 1.9% |
| Brisbane | 3.0% | 3.2% | 3.0% |
| Canberra | 0.8% | 1.0% | 1.0% |
| Sydney | 1.9% | 2.1% | 1.7% |
| Darwin | 2.5% | 2.7% | 3.2% |
| Hobart | 0.3% | 0.4% | 0.5% |
| Australia | 2.1% | 2.2% | 2.3% |
Disclaimer
This article is over two years old, last updated on November 15, 2017. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
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