SQM detects slight shift in national vacancy rates

Jonathan ChancellorDecember 8, 2020

With 50,774 national residential vacancies, landlords only benefited from a slight fall in the vacancies rate.

It was the third straight monthly dip, with the national vacancy rate now at 1.8%, according to property research house SQM Research.

Melbourne still has the highest vacancy rate among the capital cities, with a 2.8% vacancy rate and a total of 11,702 vacancies.

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Darwin has the tightest vacancy rate of the capital cities, a vacancy rate of 0.5% and a total of 114 vacancies.

Hobart recorded the highest yearly vacancy rate increase, rising by 1% to 2.7%, with a total of 730 vacancies.

Canberra and Darwin were the only capital cities to record monthly increases in vacancies, rising by 0.1 percentage points to 1.2% and 0.5% respectively.

All other capital cities either remained the same or experienced minor declines during August 2012.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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