Source: https://propertyupdate.com.au/rental-vacancy-rates-ease-over-may-but-still-tough-for-tenants/

Home rental vacancy rates general eased over May although conditions remain clearly tough for tenants in most capital city markets. 

Canberra and Hobart have the lowest vacancy rates for houses at a very tight 0.9 per cent and 0.6 per cent respectively

May’s slight easing in vacancy rates reflects increased listings over the month following the significant holiday distractions of April.  

Capital city rental markets however generally continue to record chronic shortage of available homes with higher rents a likely consequence.

Recent policy initiatives to increase interest rates for investors and generally tighten lending conditions for this group will likely be more bad news for tenants if it results in fewer available rental properties.

Want to Self Manage your Investments?