Melbourne rental market
As previously discussed Sydney rental vacancies have now peaked as international arrivals are now set to increase to 3,000 per week into New South Wales, as confirmed by SQM Research's latest figures.
The Sydney vacancy rate dropped from 3.6 per cent to 3.2 per cent in January.
In Melbourne, on the other hand, international arrivals have been halted, and another lockdown risks a further CBD exodus.
Melbourne vacancies were still very high at 4.4 per cent, compared to just 2.1 per cent a year ago.
Elsewhere vacancy rates are tight, especially in Adelaide, which tightened to just 0.7 per cent, and Perth at only 0.8 per cent.
Brisbane's vacancy rate continues to trend lower, down to 1.7 per cent from 2.4 per cent a year ago.
