Hobart vacancy rates continue to fall: SQM Research

Hobart vacancy rates continue to fall: SQM Research
Hobart vacancy rates continue to fall: SQM Research

Residential vacancies dropped in Melbourne, Canberra, Darwin and Hobart in September, according to new figures released by SQM Research.

SQM Research managing director Louis Christopher said over the year, vacancy rates in Hobart have continued to fall with a significant 0.4% drop from this time last year.

"Vacancy rates in Melbourne have also fallen 0.3% over the last 12 months, bringing the total number of vacancies down to 272 in September 2015. Both falls reflect the tightening of both residential markets post downturns," he said.

"The number of residential vacancies remained tight across the nation in September 2015, with a vacancy rate of 2.3% posted based on 70,037 vacancies. Vacancies remained the same in most capital cities, excluding Melbourne, Canberra, Darwin and Hobart, where vacancies dropped over the month of September.

"Darwin and Canberra recorded the biggest monthly fall with vacancy rates down 0.2 percentage points from August 2015. Hobart and Melbourne soon followed with vacancies falling 0.1% over the month of September."

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Hobart vacancy rates continue to fall: SQM Research

SQM Research state asking rents for Darwin and Perth are down when compared to last year, with Darwin house rents down 18.8% and 15.1% for units over the past 12 months. asking rents for Perth houses are down 7.5% and units 7.2%.

 

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Hobart vacancy rates continue to fall: SQM Research

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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rental properties Vacancy Rate

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