Vacancy rates have continued to fall across the nation, with some notable exceptions.
New figures from SQM Research show vacancies fell slightly in August, with a nationwide vacancy rate of 2.3%. The vacancy rate dropped slighly in most capital cities, excluding Adelaide
, Brisbane and Darwin
where the vacancy rate remained steady.
Year-on-year vacancy rates have continued to climb in Darwin, however, with a 2% jump from the same time last year. Asking rents have also dropped steeply in Darwin. The city has seen a 21.3% decline in asking rents for houses over the last 12 months, and a 17.8% drop for units. Asking rents also fell in Perth
, down 8.1% for houses and 5.5% for units.
In contrast, asking prices have posted a strong yearly rise in Hobart. Prices are up 6.7% for houses and 8.3% for units. Asking rents in Adelaide, Melbourne and Sydney have also seen modest rises for the year.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out