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Australia\u2019s rental market remains in favour of landlords as vacancy rates held steady at record lows, but signs of easing are starting to appear in some markets.<\/p>\n
According to Domain\u2019s latest research, national vacancy rates continued to be at the lowest point on record at 1% in June, making the market very competitive and challenging to tenants.<\/p>\n
However, the stabilisation of vacancy rates over the last four months and the signs of easing in some areas could potentially signal a turning point.<\/p>\n
For instance, regional markets reported an increase in vacancy rate, up from 0.6% in May to 0.7% in June.<\/p>\n
This was also the case in Hobart and Canberra, which both recorded a 10-basis point increase in vacancy rate to 0.5% and 0.8%, respectively.<\/p>\n
Still, Australia remains a landlords\u2019 market, with the number of rental homes still down by 42.2% from last year.<\/p>\n
\u201cThe rise of investment activity over recent months could be helping to alleviate conditions marginally since most cities are seeing vacancy rates hold or improve, apart from Melbourne,\u201d Domain said.<\/p>\n
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Monthly vacancy rates<\/h2>\n
<\/p>\n
\n\n\n\n\n\n\n<\/colgroup>\n\n\n| \u00a0<\/td>\n
<\/p>\n | Jun-22<\/strong><\/td>\n
<\/p>\n May-22<\/strong><\/td>\n
<\/p>\n Jun-21<\/strong><\/td>\n
<\/p>\n Monthly change<\/strong><\/td>\n
<\/p>\n Annual change<\/strong><\/td>\n
\n\t\t<\/tr>\n \n| National<\/strong><\/td>\n
<\/p>\n 1.0%<\/td>\n
<\/p>\n | 1.0%<\/td>\n
<\/p>\n | 1.7%<\/td>\n
<\/p>\n | \u2013<\/td>\n
<\/p>\n | \u2193<\/td>\n
\n\t\t<\/tr>\n | \n| Combined capitals<\/strong><\/td>\n
<\/p>\n 1.1%<\/td>\n
<\/p>\n | 1.1%<\/td>\n
<\/p>\n | 2.1%<\/td>\n
<\/p>\n | \u2013<\/td>\n
<\/p>\n | \u2193<\/td>\n
\n\t\t<\/tr>\n | \n| Combined regionals<\/strong><\/td>\n
<\/p>\n 0.7%<\/td>\n
<\/p>\n | 0.6%<\/td>\n
<\/p>\n | 0.7%<\/td>\n
<\/p>\n | \u2191<\/td>\n
<\/p>\n | \u2013<\/td>\n
\n\t\t<\/tr>\n | \n| Sydney<\/strong><\/td>\n
<\/p>\n 1.4%<\/td>\n
<\/p>\n | 1.4%<\/td>\n
<\/p>\n | 2.5%<\/td>\n
<\/p>\n | \u2013<\/td>\n
<\/p>\n | \u2193<\/td>\n
\n\t\t<\/tr>\n | \n| Melbourne<\/strong><\/td>\n
<\/p>\n 1.5%<\/td>\n
<\/p>\n | 1.6%<\/td>\n
<\/p>\n | 3.4%<\/td>\n
<\/p>\n | \u2193<\/td>\n
<\/p>\n | \u2193<\/td>\n
\n\t\t<\/tr>\n | \n| Brisbane<\/strong><\/td>\n
<\/p>\n 0.6%<\/td>\n
<\/p>\n | 0.6%<\/td>\n
<\/p>\n | 1.2%<\/td>\n
<\/p>\n | \u2013<\/td>\n
<\/p>\n | \u2193<\/td>\n
\n\t\t<\/tr>\n | \n| Perth<\/a><\/strong><\/td>\n
<\/p>\n 0.6%<\/td>\n
<\/p>\n | 0.6%<\/td>\n
<\/p>\n | 0.8%<\/td>\n
<\/p>\n | \u2013<\/td>\n
<\/p>\n | \u2193<\/td>\n
\n\t\t<\/tr>\n | \n| Adelaide<\/a><\/strong><\/td>\n
<\/p>\n 0.3%<\/td>\n
<\/p>\n | 0.3%<\/td>\n
<\/p>\n | 0.5%<\/td>\n
<\/p>\n | \u2013<\/td>\n
<\/p>\n | \u2193<\/td>\n
\n\t\t<\/tr>\n | \n| Hobart<\/strong><\/td>\n
<\/p>\n 0.5%<\/td>\n
<\/p>\n | 0.4%<\/td>\n
<\/p>\n | 0.4%<\/td>\n
<\/p>\n | \u2191<\/td>\n
<\/p>\n | \u2191<\/td>\n
\n\t\t<\/tr>\n | \n| Canberra<\/strong><\/td>\n
<\/p>\n 0.8%<\/td>\n
<\/p>\n | 0.7%<\/td>\n
<\/p>\n | 0.7%<\/td>\n
<\/p>\n | \u2191<\/td>\n
<\/p>\n | \u2191<\/td>\n
\n\t\t<\/tr>\n | \n| Darwin<\/a><\/strong><\/td>\n
<\/p>\n 0.5%<\/td>\n
<\/p>\n | 0.5%<\/td>\n
<\/p>\n | 0.5%<\/td>\n
<\/p>\n | \u2013<\/td>\n
<\/p>\n | \u2013<\/td>\n
\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n \n \n Here\u2019s how some cities performed over the past month:<\/p>\n<\/div>\n<\/div>\n <\/div>\n \n- Sydney <\/b>\u2013 Sydney could potentially be at a turning point as vacant rental stock increased slightly in June, which ended the five consecutive months of decline.<\/li>\n
<\/p>\n - Melbourne <\/b>\u2013 Vacancy rates in Melbourne dropped to 1.5%, reaching the lowest point since February 2020. Vacant rental listings also fell for the sixth consecutive month.<\/li>\n
<\/p>\n - Brisbane <\/b>\u2013 Rising investment has not been able to keep pace with rising rental demand in Brisbane, as available rentals declined by almost 10% while vacancy rate remained at a record low of 0.6%.<\/li>\n
<\/p>\n - Adelaide <\/b>\u2013 Of all capital cities, Adelaide was the most competitive city and is in a rental crisis, with barely any available rental listings.<\/li>\n
\n<\/ul>\n \n The volume and change of vacant rentals<\/h2>\n<\/p>\n \n\n\n\n\n<\/colgroup>\n\n\n| \u00a0<\/td>\n
<\/p>\n | Jun-22<\/strong><\/td>\n
<\/p>\n Monthly change<\/strong><\/td>\n
<\/p>\n Annual change<\/strong><\/td>\n
\n\t\t<\/tr>\n \n| National<\/strong><\/td>\n
<\/p>\n 24,481<\/td>\n
<\/p>\n | -0.7%<\/td>\n
<\/p>\n | -42.2%<\/td>\n
\n\t\t<\/tr>\n | \n| Sydney<\/strong><\/td>\n
<\/p>\n 8,024<\/td>\n
<\/p>\n | 0.6%<\/td>\n
<\/p>\n | -44.2%<\/td>\n
\n\t\t<\/tr>\n | \n| Melbourne<\/strong><\/td>\n
<\/p>\n 7,888<\/td>\n
<\/p>\n | -4.3%<\/td>\n
<\/p>\n | -52.9%<\/td>\n
\n\t\t<\/tr>\n | \n| Brisbane<\/strong><\/td>\n
<\/p>\n 1,433<\/td>\n
<\/p>\n | -9.4%<\/td>\n
<\/p>\n | -51.6%<\/td>\n
\n\t\t<\/tr>\n | \n| Perth<\/strong><\/td>\n
<\/p>\n 947<\/td>\n
<\/p>\n | -12.8%<\/td>\n
<\/p>\n | -32.2%<\/td>\n
\n\t\t<\/tr>\n | \n| Adelaide<\/strong><\/td>\n
<\/p>\n 338<\/td>\n
<\/p>\n | -3.2%<\/td>\n
<\/p>\n | -50.1%<\/td>\n
\n\t\t<\/tr>\n | \n| Hobart<\/strong><\/td>\n
<\/p>\n 118<\/td>\n
<\/p>\n | 34.1%<\/td>\n
<\/p>\n | 21.6%<\/td>\n
\n\t\t<\/tr>\n | \n| Canberra<\/strong><\/td>\n
<\/p>\n 335<\/td>\n
<\/p>\n | 15.5%<\/td>\n
<\/p>\n | 4.4%<\/td>\n
\n\t\t<\/tr>\n | \n| Darwin<\/strong><\/td>\n
<\/p>\n 96<\/td>\n
<\/p>\n | -2.0%<\/td>\n
<\/p>\n | 1.1%<\/td>\n
\n\t\t<\/tr>\n | \n| Combined capitals<\/strong><\/td>\n
<\/p>\n 19,179<\/span><\/td>\n
<\/p>\n | -2.7%<\/td>\n
<\/p>\n | -47.7%<\/td>\n
\n\t\t<\/tr>\n | \n| Combined regionals<\/strong><\/td>\n
<\/p>\n 5,302<\/span><\/td>\n
<\/p>\n | 7.2%<\/td>\n
<\/p>\n | -6.2%<\/td>\n
\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |