Darwin houses, units suffer rental falls: SQM

Darwin houses, units suffer rental falls: SQM
Darwin houses, units suffer rental falls: SQM

Darwin recorded a fall in asking rents of 20% for houses and 13.7% for units for the past 12 months, according to the latest SQM Research.

Yearly falls have also been recorded in Perth, with asking rents down 7.6% for houses and 7.8% for units.

In contrast, Hobart recorded 8% for houses and a fall of 1.3% for units. Asking rents in Melbourne and Sydney also recorded modest rises for the same period.

“We note that 2015 overall has recorded another year of modestly rising vacancies. It suggests the supply side has been running a touch ahead of underlying demand at the national level. As we predicted back in October, I believe rents in 2016 will record only modest rises with the outperforming areas likely to be the Gold Coast and Hobart," said Louis Christopher, managing director of SQM Research.

SQM’s calculates vacancies based on online rental listings advertised for three weeks or more compared to the total number of established rental properties. 

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Darwin houses, units suffer rental falls: SQM

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