How much stock is available to rent in your capital city: A state-by-state analysis: SQM Research

How much stock is available to rent in your capital city: A state-by-state analysis: SQM Research
How much stock is available to rent in your capital city: A state-by-state analysis: SQM Research

The amount of rental stock available in each capital city has changed little in the past month, according to SQM Research. 

The vacancy rate has remained fairy static across all eight capitals, with the amount of stock available to rent increasing slightly in Sydney, Adelaide, Canberra and Hobart and decreasing slightly in the other capitals. 

SQM Research director Louis Christopher says Perth's very low vacancy rate is concerning.

"Perth is now an area of major concern, with vacancies now sitting at an incredibly low 0.5%," Christopher says.

"This is consistent with evidence from other researchers reporting rapidly rising rents."

However, Christopher says the Hobart market is also problematic, but for the opposite reason.

“Hobart, on the other hand, is beginning to show signs of the opposite extreme, with vacancies doubling since this time last year and many localities recording vacancy rates above 4%. We are also seeing rising stock levels in this area, which in contrast to other capital cities which seem to suffer from one or the other, reveals that Hobart is being hit with an oversupply issue from both sides.”

 

 

The amount of stock available to rent in Melbourne in March 2012, according to SQM Research. This represents a vacancy rate of 2.9% and is up from the 8,763 properties available to rent in March 2011.

 


The amount of stock available to rent in Sydney in March 2012, according to SQM Research. This represents a vacancy rate of 1.5% and is up from the 6,454 properties available to rent in March 2011.

 


The amount of stock available to rent in Brisbane in March 2012, according to SQM Research. This represents a vacancy rate of 1.5% and is up from the 4,289 properties available to rent in March 2011.

 


The amount of stock available to rent in Adelaide in March 2012, according to SQM Research. This represents a vacancy rate of 1.4% and is up from the 1,689 properties available to rent in March 2011.

 


The amount of stock available to rent in Perth in March 2012, according to SQM Research. This represents a vacancy rate of 0.5% and is down from the 1,462 properties available to rent in March 2011.

 


The amount of stock available to rent in Hobart in March 2012, according to SQM Research. This represents a vacancy rate of 2.4% and is up from the 328 properties available to rent in March 2011.

 


The amount of stock available to rent in Canberra in March 2012, according to SQM Research. This represents a vacancy rate of 0.8% and is up from the 257 properties available to rent in March 2011.


The amount of stock available to rent in Darwin in March 2012, according to SQM Research. This represents a vacancy rate of 0.6% and is down from the 470 properties available to rent in March 2011.

 

 

 

 

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