March Vacancy Rates Fall
Monthly vacancy rates fell to 1.6% nationwide in March from 1.7% the previous month according to SQM Research's monthly vacancy study, which measures online vacancy ads.
Sydney recorded a very tight 1.2% vacancy rate, with some western suburban areas coming in at 0.8%.
Melbourne, by contrast, had a vacancy rate of 2.4% having declined for three straight months as had Brisbane's, which was 1.7% for March.
Perth's vacancy rate was below average at 0.9% while Darwin was at the other of the scale at 2%.
Adelaide's vacancy rate increased in March to 1.2% and Hobart edged up 0.2 percentage points to 1.4%. Canberra recorded a low 0.6% March vacancy rate.