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.