The number of residential vacancies nationally has dropped during September, according to new research.
Figured released by SQM Research reveal that the number of residential vacancies across the country fell to 2.2% in September, a decline of 0.1% from August.
After recording stable vacancies for the past several months, this is the first sign of a notable decrease in rental listings around the country. However, the Louis Christopher, managing director of SQM Research says that this could be due to seasonality, with previous years recording similar results.
Every capital city experienced falls during September, except for Darwin
. The NT capital continues its trend of rising vacancies, revealing a 1% yearly increase to 1.8% in September.
is another capital city that has surged year on year, also recording a 1% increase, recording a vacancy rate of 2.5% for September.
Sydney and Adelaide
remain tight, recording vacancy rates of 1.7% and 1.5% respectively. Melbourne is continuing to record slightly lower vacancy rates over the longer term, dropping 0.1% in September to a vacancy rate of 2.5%.
However, Hobart has revealed a substantial shift into what is to be considered tight territory as far as vacancies are concerned, dropping 0.2% during September, and 0.5% since September 2013. SQM Research believes this to be indicative of a recovery beginning to take place in Hobart.
SQM Research’s Asking Rents Index revealed that landlord’s sentiments have not been increasing, with the capital city average recording a 0.2% monthly decrease in asking rental prices for both houses and units.
Over the year, there was a 0.2% decrease in asking rental prices for houses and a 1.5% yearly increase in asking rental prices for units.
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