A seasonal decline in tenant interest before Christmas pushed vacancy rates higher at the end of 2010.
SQM Research reports national vacancy rates of 2.2% for the final month of 2010, 0.5% up on the month of November and 0.2% higher than December 2009.
The figures still suggest a tight rental market across Australia, according to SQM. However, some individual markets have a higher vacancy rates, such as Melbourne (3.6%), where there is an "ample" supply of rental property.
SQM’s calculations are based on online rental listings that have been advertised for three weeks or more compared to the total number of established rental properties.
To donate to the Queensland Premier's Flood Relief Appeal, click here.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
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.
We value your privacy and treat all your information seriously - you can check out