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Vacancy Rates Improve By A Miniscule Amount
Hotspotting
English - May 20, 2022 06:15 - 3 minutes - 3.01 MBInvesting Business Society & Culture Places & Travel hotspotting propertyinvesting propertyinvestment firsthomebuyer smsfpropertyinvestment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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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.