Vacancy Rates Improve By A Miniscule Amount

May 20, 2022

For the first time in a long time, there has been an improvement in residential vacancies in Australia.

But the change is miniscule.

The national vacancy rate, according to SQM Research, increased from 1% in March to 1.1% in April – which means that there continues to be a chronic shortage of residential rental properties around Australia.

What this means, of course, is that there is tremendous upward pressure on rents.