The Aussie capital city where vacancies are climbing and rents are dropping

By |
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.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : tweed heads south , cardiff south , woolloongabba , westbrook , east victoria park

go back

Get help with your investment property

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 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 and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here