Rental vacancies tick higher
Rental vacancy rates ticked up a notch to 1.1 per cent in March according to SQM Research, with the trend higher in Hobart, Canberra, and Darwin.
Hobart has definitely turned a corner now, and after years of chronic shortages finally has a few rental vacancies on the market.
Markets remain tight in most capital cities, however, and this lift wasn't enough to stop more enormous increases in asking rents, which rose +2.1 per cent over the month.
Sydney asking rents for units were up by more than +30 per cent over the past year, with Melbourne and Brisbane not far behind.
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Fixed mortgage rates are falling, reports Mozo:
Source: Mozo