Australian Residential Rental Vacancies on the up as Supply of Stock Surges

RENTAL vacancy levels increased last month according to SQM Research.

For the month, there were 6135 more residences listed for rent, bringing the total to 47,787 nationally. Last April the figure was around 37,000.

Melbourne had the highest rental vacancy rate at 2.6 per cent, according to SQM, while Canberra, the nation’s capital, had the lowest amount of rental stock: 0.6 per cent.

Read more