SQM detects slight shift in national vacancy rates

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.

Click to enlarge

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

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Comments

Be the first one to comment on this article
What would you like to say about this project?