Record low vacancies
Domain released its October rental vacancies report, which showed residential vacancy rates holding at a record low of 0.8 per cent over the month.
Vacancies are at all-time lows in Sydney and Perth, and are close to all-time lows in Melbourne and Adelaide.
In Brisbane, vacancy rates are still extremely tight at 0.8 per cent.
Source: Domain
This represents a marked contrast from 2020 and 2021 when the international borders were closed.
There's little respite on the horizon, with record high immigration meeting a slowdown in dwelling completions.
Domain's full rental report can be viewed here.
---
P.S. Whenever you’re ready…here are 4 ways I can help you manage your own money and go next level wealth:
- Boom or Bust in 2023 – 20 minute online workshop for investors
Register for my next free online training - Boom or Bust? How to change your investment plan for 2023 - book in here
You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.
- Subscribe to our Top 10 Podcasts for Investors
Listen in to our podcasts
The Australian Property Podcast is one of Australia's biggest business podcasts.
And our enormously popular Low Rates High Returns Show is also available on Spotify.
- Subscribe for my free daily blog
Subscribe for my free daily blog with well over 3.4 million hits here.
You can also catch up with me daily on Twitter here, where I'm active daily and have over 13,000 followers.
- Work with me privately
For a limited time you can book in a free diagnosis call with me here.
