The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
JUST 15 DAYS UNTIL OUR FLAGSHIP CONFERENCE JOIN MORE THAN 550 ALREADY ATTENDING
JUST 15 DAYS TO GO UNTIL URBANITY-25 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialStaff WriterTue 19 Sep 17

National Vacancy Rates Fall in August: SQM

north-sydney-office-1

Data released by SQM Research has revealed the national vacancy rate in August was 2.2 per cent, down 2.3 per cent from July.

SQM revealed the number of national residential rental vacancies was 71,540 homes in August down 75,733 from the previous month.

Hobart saw a slight fall in vacancy rates at 0.4 per cent, a record low since SQM Research began measuring the rental market in 2005.

Sydney and Melbourne vacancies remained stable at 2.0 per cent and 1.7 per cent respectively.

This stable vacancy rate in Sydney comes off the back of a rise in vacancies in Sydney over the winter months, however SQM expects this seasonal increase in vacancies to loosen during the spring.

Darwin recorded the steepest decline over the month with vacancy rates down from 2.9 per cent in July to 2.5 per cent in August. This is the seventh straight month that Darwin has recorded a fall in vacancy rates, suggesting the downturn in the Darwin rental market is over.

In Brisbane, the rental market tightened with a vacancy rate of 3.1 per cent for August, down from 3.3 per cent in July. The fall in vacancy numbers comes despite a glut of apartments flooding the Brisbane market in the last few months. It will be interesting to watch vacancy figures in Brisbane in the coming months as residential construction levels out.

Canberra’s vacancy rate also continues to fall now at 1.0 per cent in August down from the previous months results of 1.2 per cent.

Perth continues to lead the pack with the highest vacancy rate of all capital cities at 4.6 per cent, which had also fallen from 4.9 per cent from July.

In Perth, rents are now down 34 per cent from their recorded peak in March 2013.

ResidentialAustraliaSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
View All >
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
Landcom The Joinery Annandale a build to rent development on the former westconnex site
Build-to-Rent

Landcom Takes Cover Off BtR Plans at Annandale

Renee McKeown
Cromwell 19 National Circuit Barton ACT rendering HERO
Office

Cromwell Lands Lease for Canberra Office Block Scheme

Leon Della Bosca
The building rising at Barton will bring together Commonwealth departments currently spread across the national capital…
LATEST
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
Landcom The Joinery Annandale a build to rent development on the former westconnex site
Build-to-Rent

Landcom Takes Cover Off BtR Plans at Annandale

Renee McKeown
3 Min
Cromwell 19 National Circuit Barton ACT rendering HERO
Office

Cromwell Lands Lease for Canberra Office Block Scheme

Leon Della Bosca
3 Min
A hydrogen production facility, part of the Hydrogen Energy Supply Chain (HESC) project to ship hydrogen from Victoria to Japan.
Exclusive

Minister Intervenes, Approves Hastings Hydrogen Facility

Marisa Wikramanayake
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/national-vacancy-rates-fall-august-sqm