Asking rents rise by 7.8pc over the year (SQM Research)

Winter rental trends

SQM Research released its latest vacancy rates data for the month of May.

It's worth noting that May, June, and July are the quietest months for some parts of the rental market, with many more rental vacancies especially in the tourism and working holidaymaker hotspots (such as Bondi or the Gold Coast). 

Source: SQM Research

Rental vacancies did pick up in May, but only to a national rental vacancy rate of 1.2 per cent, which is historically speaking very low. 

Source: SQM Research

As such, advertised rents have continued to blaze higher over the past year, across all the 8 capital cities of all states and territories.

You can read SQM's media release here. 

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