No Room At The Inn

Residential rental vacancy rates have averaged an all-time low of 1.9% across Australia for the past two and a half years, according to data published today in the Mortgage Choice/REIA Real Estate Market Facts report, September quarter edition.

This compares with a 20-year average of 3.6%. The industry benchmarks anything below a 3.0% vacancy rate as indicative of an undersupply of rental accommodation.

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