Fewer rental listings again
After initially spiking hard during the early onset of COVID-19, total rental vacancies in Australia are now falling fast.
Indeed, total vacancies are now -7 per cent lower than a year earlier at 88,793.
Kudos to Louis Christopher of SQM Research for supplying the real-time data series:
The composition in vacancies, however, has shifted markedly from a year ago.
There is now an intense concentration of apartment rental vacancies in the CBDs of the major conurbations.
This trend has been accentuated by the absence of tourists and many international students.
A possible implication of this is that rental vacancies may be becoming relatively tight away from the CBDs:
SQM Research will put out its media release tomorrow on total for sale listings, which are now rising, albeit from a very low base.
