Australia’s residential vacancy rate returns to a record low 1.00%.

Written By woodbridgecapital

Australia’s residential vacancy rate retuned to a record low 1% in January 2023 and weekly rents increased by a whopping +24.7% across all capital cities over the last 12 months according to SQM Research's latest report.

What are residential vacancy rates?

Vacancy rates are the percentage of residential properties (apartments and houses) that have not been rented (i.e., are vacant). They typically range from 2% - 4% by location with 3% being a ‘normal’ rate.

What does it mean?

Vacancy rates are an indicator of demand and supply. The lower the vacancy rate, the tighter the rental market and the higher demand there is for rental properties. This also generally correlates to the demand for developers to build new stock, and for investors to purchase investment properties.

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