Residential Property Vacancies Dip Slightly in September. Louis Christopher

Figures released by SQM Research reveal that the level of residential property rental vacancies dipped slightly during the month of September, recording at a vacancy rate of 2.1% and coming to a total of 58,977 vacancies nationwide.

In terms of the number of vacancies, this month’s figures reveal the third straight monthly decline on a national level.

Although September was an abnormal month as far as the property market goes, with a federal election and the AFL Grand Final interfering to a certain extent on the sales market, SQM Research does not believe that these events has any direct effect on the rental market, or are in any way responsible for September’s decrease in vacancies.

vacancy rate September

A closer in depth look at the figures however, reveals that each capital city is telling its own story where vacancies are concerned.

[sam id=31 codes=’true’]

Perth has recorded its first decline in vacancies for 2013, whilst Canberra’s vacancies are skyrocketing on a year-on-year basis. Brisbane is gradually creeping up whilst Adelaide stays relatively steady.


Hobart is now recording falls in vacancy rates while Melbourne is still recording elevated vacancies, however there is no longer an uptrend in rental listings. Darwin – although still without a doubt, extremely tight, is beginning to ease slightly where vacancies are concerned.

Sydney appears to have been declining over the past six months.

“Currently there is no one national trend in the rental market; rather the national market is very much segmented with each city recording completely different trends and results. However, with a vacancy rate of 2.1%, it does suggest that the rental market remains mildly in favour of landlords and would suggest rent increases would be running at close to the general inflation rate or just above it at this point in time.”

Nationally asking rents have been flat for the past 12 months, falling by just 0.7% for houses and rising by 1.5% for units.

SQM’s calculations of vacancies are based on online rental listings that have been advertised for three weeks or more compared to the total number of established rental properties. SQM considers this to be a superior methodology compared to using a potentially incomplete sample of agency surveys or merely relying on raw online listings advertised.

Please go to our methodology page below for more information on how SQM’s vacancies are compiled



Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Louis Christopher


Louis is recognised as one of Australia’s most respected and impartial research property analyst. He has extensive knowledge and experience of property and is regularly quoted in the media on his insights and is director of SQM Research.

'Residential Property Vacancies Dip Slightly in September. Louis Christopher' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts