The rental market throughout Australia nonetheless favours landlords, with the newest information exhibiting the nationwide rental emptiness charge held regular in August at a decent 0.9 per cent.
That is barely greater than the report low 0.8 per cent recorded in February, Area’s Emptiness Charges Report for August reveals.
Area chief of analysis and economics Dr Nicola Powell stated the info confirmed Australia’s rental market was nonetheless a landlord’s market.
“Whereas there’s nonetheless work to be performed to realize a extra balanced marketplace for renters, the info suggests a pattern in direction of better stability,” Powell stated.
Sydney’s emptiness charge tightened to 1 per cent in August from 1.2 per cent a month earlier, whereas Melbourne’s emptiness charge was regular at 1 per cent and Brisbane’s was unchanged at 0.8 per cent.
The tightest markets have been Perth and Adelaide, each at simply 0.3 per cent, down from 0.4 per cent every the earlier month.
The very best emptiness charge was in Canberra at 1.7 per cent, properly beneath the three per cent that will be thought of a balanced market.
The variety of vacant rental listings, Powell stated, trended down in August, 1.8 per cent beneath the identical month final yr.
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