Rents boom as vacancies plunge to decade low

Wednesday 15 December 2021

SQM Research has released rental vacancy rates for October, which reveals that the nation’s vacancy rate has fallen to 1.5% – down 0.6% year-on-year and the lowest rental vacancy rate since March 2011:

The next chart plots the national vacancy rate on a three-month moving average basis to smooth volatility:

According to SQM:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.