Australian interest rates Australian Property

Australia’s rental crisis adds to inflationary shock

Thursday 16 June 2022

SQM Research has released its rental vacancy data for May, with the national rental vacancy rate falling 0.1% to 1.0% – a new 16-year low:

As shown above, rental vacancies are tracking below 1% everywhere but Sydney and Melbourne.

The next chart plots vacancy rates across the major capitals and nationally:

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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.