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Content team at Justprop.com.au,

Rental vacancy rates across the major capitals have ballooned due to a combination of collapsing immigration

14D ago 0 Replies 15 Views
SQM Research has recently reported that rental vacancy rates across the major capitals have ballooned due to a combination of collapsing immigration, short-term rentals like Airbnbs returning to the long-term market, and heavy job losses:



But while inner-city rental vacancies have soared, vacancy rates across regional areas are shrinking, according to SQM, due to “an unprecedented and sudden shift towards regional living… triggered by Coronavirus and the discovery that working remotely is now very achievable for many businesses”:
If you haven’t been sleeping under a rock, you will very likely be well aware of our outright bearishness towards the Sydney and Melbourne housing markets right now (and to a lesser extent, Brisbane)…
But today I actually wanted to point out another new trend we are seeing in the numbers. And that is what is happening in the housing markets of regional Australia including localities that are just outside the capital cities. These are just anecdotes only but there are many of these indeed which strongly suggest to me that our regional housing markets are not just stable, they are on the rise – perhaps for differing reasons.

Sydney’s Central Coast – vacancy rates dropped from 2.7% in Dec-19 to 1.2% in Jun-20.




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