Vacancies down
The national residential vacancy rate fell from 2.2 per cent to 2.1 per cent in September, according to SQM Research, with declines recorded across most capital cities.
Sydney saw an improvement from 3.4 per cent to 3.2 per cent, in line with the findings of the REINSW vacancy rate survey.
Vacancy rates also fell again in Brisbane to 2.3 per cent, well down from 2.9 per cent a year earlier.
There were improvements across most rental markets, with the tightest capital city markets now Hobart (0.6 per cent), Adelaide (0.9 per cent), and Canberra (1.0 per cent).
The ACT is now reportedly set to introduce legislation to cap rental price increases - although property rates and land taxes can continue to be hiked unabated - as the farcical meddling and ongoing distortions continue.
