The Perth and Darwin rental markets have experienced significant shifts over the past year, new data has revealed.
Perth’s vacancy rate was 4.1 per cent at the end of October, compared to 4.9 per cent the year before, according to SQM Research.
Darwin’s rental market also tightened, from 3.2 per cent to 2.5 per cent.
Rental properties also became harder to find in all but one of Australia’s other capital cities.
The exception was Sydney, where the vacancy rate climbed from 1.7 per cent to 1.9 per cent.
Hobart continues to be the most landlord-friendly market (0.3 per cent), while Perth is the most tenant-friendly.
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