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Rental vacancy rates fall across Australia

Nick Bendel avatar
Nick Bendel
- 1 min read
Rental vacancy rates fall across Australia

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.

RegionOctober vacancy ratePrevious monthPrevious year
Adelaide1.4%1.6%2.0%
Perth4.1%4.5%4.9%
Melbourne1.8%1.9%1.9%
Brisbane3.0%3.2%3.0%
Canberra0.8%1.0%1.0%
Sydney1.9%2.1%1.7%
Darwin2.5%2.7%3.2%
Hobart0.3%0.4%0.5%
Australia2.1%2.2%2.3%

Disclaimer

This article is over two years old, last updated on November 15, 2017. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.

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