Vacancies steady
Brisbane's rental vacancy rate fell to 0.6 per cent in June, way down from 1.3 per cent a year earlier.
Rents in the Queensland capital are now up 20 per cent over the year, as we discussed further in this Courier Mail article.
There was some respite elsewhere, keeping the national rental vacancy rate steady, perhaps reflecting completions from the very large volume of homes still in the pipeline.
The trend for rental vacancies in the three largest capital cities has been down for some time now, reflecting record high employment and a buoyant economy.
Asking rents continued to rise in June, to be 16 per cent higher over the year, with larger increases recorded in Sydney and Brisbane.
