Vacancy Rates Drop In Key Cities

SQM Research data shows the national residential vacancy rate dropped to 2.1% in August 2018, with ve of the eight capital cities recording month-on-month decreases.

Four cities – Adelaide, Brisbane, Perth and Canberra – now have vacancy rates considerably lower than 12 months ago, while Melbourne is unchanged. Hobart’s vacancy rate has risen in 12 months but, at 0.5%, remains the lowest among the capital cities. Sydney and Darwin have both recorded higher vacancies in annual terms.