“There is a similar situation in Canberra…This is a timely reminder that we have a mixed national housing market overall.”
Canberra’s vacancy rate tightened to 0.6 per cent, down slightly from the previous month, and a drop from one per cent a year ago.
Across the country, Perth’s vacancy rate dropped to 3.6 per cent from 3.7 per cent in August, reflecting an absorption of the oversupply of rental properties reflecting recovery signs for Perth’s market, the data is notably down from 4.9 per cent a year ago.
Melbourne’s vacancy rate inched higher to 1.7 per cent in September.
Brisbane’s vacancy rate increased ever so slightly to 2.9 per cent from 2.8 per cent the previous month, this is down from 3.5 per cent a year ago.
Darwin’s vacancy rate increased to 3.6 per cent from 3.5 per cent, while Adelaide slipped to 1.1 per cent.