Oct 24, 2023
You may be tired of hearing about it, but the latest data on
residential vacancy rates shows
that they are continuing to fall.
And why wouldn’t they, given that the nation’s gaggle of
politicians collectively haven’t got
a clue about how to deal with this situation.
The latest data from SQM Research shows that the national vacancy
rate dropped from 1.2%
in August to 1.1% in September.
Comparing the situation with a year ago, Sydney’s vacancy rate has
dropped from 1.5% to
1.3% and Melbourne is down from 1.8% to 1.2%.
In the latest month, vacancies dropped to lower levels, or stayed
the same, in six of the eight
capital cities.