Pete Wargent blogspot


'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Tuesday, 15 October 2019

Rental vacancies decline to 2.1pc

Vacancies down

The national residential vacancy rate fell from 2.2 per cent to 2.1 per cent in September, according to SQM Research, with declines recorded across most capital cities.

Sydney saw an improvement from 3.4 per cent to 3.2 per cent, in line with the findings of the REINSW vacancy rate survey

Vacancy rates also fell again in Brisbane to 2.3 per cent, well down from 2.9 per cent a year earlier. 

There were improvements across most rental markets, with the tightest capital city markets now Hobart (0.6 per cent), Adelaide (0.9 per cent), and Canberra (1.0 per cent). 

The ACT is now reportedly set to introduce legislation to cap rental price increases - although property rates and land taxes can continue to be hiked unabated - as the farcical meddling and ongoing distortions continue.