Residential vacancy rates have tightened again throughout Australian capital cities.
SQM Research shows landlords continue to hold the upper hand, after the average vacancy rate fell to 1.8% in August. This means there are now 2,127 fewer vacancies per month nationally.
Canberra & Darwin were the only capital cities to record an increase in vacancies, however, a number of prestige property locations have also seen an increase.
A combination of strong population growth, first home buyer activity and weak investor interest is putting pressure on the rental market nationally.
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Categories: Market Updates
Tags: August, Australia, australian real estate blogs, Canberra, first national real estate, Oceania, real estate, Rental shop, Renting
