Vacancy rates for June remain stable at 1%


The national residential property rental vacancy rates remained steady at 1% in June 2022.

This is based on the latest figures released by SQM Research.

Vacancy rates

The total number of rental vacancies Australia-wide now stands at 37,049 residential properties, up from 36,478 in May.

Sydney vacancy rates rose to 1.6% from 1.5% and Melbourne vacancy rates remained steady at 1.7%.

Brisbane recorded another fall in rental vacancy rates to 0.6%. However, Adelaide, Canberra and Hobart, all recorded rises in the number of vacant rental dwellings.

Vacancy rates in the Melbourne CBD fell to 2.7% from 2.9% and rose in the Sydney CBD to 3.9% from 3.5%.

Vacancy Rates June 2022

Asking rents

Over the past 30 days to 14 July 2022, the capital city asking rents rose by another 1.8% with the 12-month rise standing at 16.1%.

Capital city house rents are recording 12-month increases of 15.3%, while unit rents have risen by 14.8%.


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