{"id":3074,"date":"2022-07-15T08:22:38","date_gmt":"2022-07-15T08:22:38","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/vacancy-rates-for-june-remain-stable-at-1\/"},"modified":"2022-07-15T08:22:38","modified_gmt":"2022-07-15T08:22:38","slug":"vacancy-rates-for-june-remain-stable-at-1","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/vacancy-rates-for-june-remain-stable-at-1\/","title":{"rendered":"Vacancy rates for June remain stable at 1%"},"content":{"rendered":"

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The national residential property rental vacancy rates remained steady at 1% in June 2022.<\/p>\n

This is based on the latest figures released by SQM Research.<\/p>\n

Vacancy rates<\/span><\/h2>\n

The total number of rental vacancies Australia-wide now stands at 37,049 residential properties, up from 36,478 in May.<\/p>\n

Sydney vacancy rates rose to 1.6% from 1.5% and Melbourne vacancy rates remained steady at 1.7%.<\/p>\n

Brisbane recorded another fall in rental vacancy rates to 0.6%. However, Adelaide, Canberra and Hobart, all recorded rises in the number of vacant rental dwellings.<\/p>\n

Vacancy rates in the Melbourne CBD fell to 2.7% from 2.9% and rose in the Sydney CBD to 3.9% from 3.5%.<\/p>\n

\"Vacancy<\/p>\n

Asking rents<\/span><\/h2>\n

Over the past 30 days to 14 July 2022, the capital city asking rents rose by another 1.8% with the 12-month rise standing at 16.1%.<\/p>\n

Capital city house rents are recording 12-month increases of 15.3%, while unit rents have risen by 14.8%.<\/p>\n

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Meanwhile, in a sign of a peak in the regional national rental market, asking rents fell by 1.0% for houses at the national level, led by declines in rents for the NSW North Coast (down 2.6%), NSW Central Coast (down 1.9%), Launceston (down 1.8%), Bellarine Peninsula (down 1.0%), Gippsland (down 1.2%), South Western Victoria (down 2.6%).<\/p>\n

The rental market remains significantly in favour of landlords with rental vacancy rates remaining at 1%.<\/p>\n

However, there are now signs of a peak in the rental market in regional Australia with a more significant number of regions currently recording rising rental vacancy rates and some falls in rents.<\/p>\n

\"Sqm<\/p>\n

While capital city rents continue to march higher, it\u2019s possible we could be near the peak in the national rental crisis.<\/p>\n

Outside Brisbane, there was no material decrease in rental vacancy rates over June.<\/p>\n

Indeed, four capital cities recorded a rise in rental vacancy rates.<\/p>\n