In, SQM Research. The rental vacancy rate is based on adjusted Domain rental listings and will be subject to slight revisions over time. Vacancy rates in rental properties in Australia 2021 Published by L. Granwal, Apr 7, 2021 In February 2021, the Australian city of Melbourne had a rental property vacancy rate of 4.5 percent. Data in this graph includes the latest quarterly sales listings with average selling days for the Perth Metro region and median weekly rents with vacancy rates for houses and units. Many web sites and many experts say that a solid healthy vacancy rate tends to be around the two to three percent mark or less. REIWA acknowledges the Traditional Owners of this land, the Whadjuk Nyoongar people, and pays respect to Elders, past, present and emerging. Are you interested in testing our corporate solutions? Release date is the date of access. For that reason, the reiwa.com vacancy rates take between two and three weeks to be finalised (once the month This statistic is not included in your account. The national residential rental vacancy rate has recorded a minor decrease over the month from 2.6% in April to 2.5% in May 2020, with the total number of vacancies Australia-wide now at 86,398 vacant residential properties.. Statista. Please do not hesitate to contact me. Rental Vacancies. This provides an estimated available total stock for rent. and over 1 Mio. Northern Queensland, which includes Charters Towers, Mount Isa and Flinders, was a close second with a vacancy rate of just 0.6 per cent. The series starts off in January 2005. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Show sources information Just 1.9% of rental properties are now vacant, on par with levels seen 12 months ago. 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Victoria's Surf Coast is the most impacted and has an official rental vacancy rate of zero. In southern states, the rate of vacancy is 7.6%. The financial year ended with the total number of vacancies Australia-wide now at 77,132 vacant residential properties.. Select the quarter, postcode and dwelling type in the search below or view the latest detailed spreadsheet data. According to Domain, this is the first time Sydney’s vacancy rate has risen over a month since the April peak. In Sydney, the vacancy rate declined to 2.9 per cent, as 5 per cent fewer rental listings were estimated to be vacant at the end of April compared with March. With the exception of Melbourne and Sydney where the vacancy rate stands at 4.5% and 3.3% respectively, the rental market has become extremely tough across the rest of the country. Then you will be able to mark statistics as favourites and use personal statistics alerts. As soon as this statistic is updated, you will immediately be notified via e-mail. TOWNSVILLE’S rental vacancy rate improved slightly over the last quarter – but only just. Median weekly rents data is based on an analysis of new rental bonds lodged each quarter. Hobart, Adelaide, Perth, Canberra and Darwin all recorded extremely low vacancy rates under 1.0% in February 2021, and have all broken their five and ten-year records. New vacancies are highest in midwestern and plains states. Australia’s rental markets are becoming increasingly expensive again, as vacancy rates fall across the country. Learn more about how Statista can support your business. Full details are set out in the Disclaimer/Copyright and Privacy Statement links below. facts. In the Midwest, the vacancy rate is 6.9%, and in the Northeast, the vacancy rate is 5.6%. A paid subscription is required for full access. We will be releasing the residential rental vacancy rates update, later this morning. Adam Smith ... 7 tips for a successful rental application. has ended) to give enough time for all survey responses to be calculated. You need a Single Account for unlimited access. The residential rental vacancy rate rose to 2.1 per cent over the month of March 2021 from 2.0 per cent in February, according to SQM Research. Rental vacancy rates measure the proportion of unlet residential properties available on the market. Any addresses repeated between sites were de-duped. The national residential rental vacancy rate recorded a decrease over the month from 2.5% in May to 2.2% in June 2020.. Show publisher information. "Rental Property Vacancy Rates in Selected Cities in Australia in February 2021. You only have access to basic statistics. Vacancy Rate: Weekly Median Rent (Houses) March 2021: February 2021: March 2021: February 2021: METRO: 6.5: 6.0: $495: $480: REGIONAL: 1.0: 1.0: $390: $380 April 7, 2021. Australia’s rental vacancy rate has returned to pre-pandemic lows, according to the latest Domain figures. Only those properties with unique addresses or a unique listing id were used. SQM Research. Greater Brisbane’s vacancy rates eased by 0.1 per cent to 2.7 per cent, which remains a healthy market. Rental property vacancy rates in selected cities in Australia in February 2021 [Graph]. The latest figures from Domain have shown that the national vacancy rate is now below pre-pandemic levels. You want that property to be rented and you don’t want it to stand dormant for weeks up or months or however long it may take. This feature is limited to our corporate solutions. Buy the data behind this chart. Typically, a vacancy rate between 2.5 and 3.5 per cent represents a balanced market. Values based on all monitored and unique online listings for the period of a calendar month. House-price-to-income ratio in selected countries worldwide 2020, Quarterly house price to income ratio in Australia 2017-2020, Quarterly house price to rent ratio in Australia 2017-2020, Price-to-rent ratio in selected countries globally Q3 2020. "Only Melbourne, Canberra and Hobart recorded higher vacancy rates compared to this time last year," said Mr Christopher. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Please create an employee account to be able to mark statistics as favorites. Australia’s rental markets are performing. Rental vacancy rates have fallen across Australia’s capital cities, indicating that the worst of the COVID-19-induced downturn could be over for landlords, a new report has revealed. Current low vacancy rate markets: Sydney residential property market (1.9%, REINSW), Melbourne metropolitan residential market (2.5%, REIV) A high vacancy rate… Indicates a poor rental market. rental vacancy rates. As the reiwa.com vacancy rates are collated via a survey, the accuracy is contingent on the sample of responses received from REIWA members. You need at least a Single Account to use this feature. The numerator is then divided into the denominator, which provides a vacancy rate percentage. The measure, introduced in April, bans rent increases and some evictions amid the ongoing economic fallout from the COVID-19 pandemic. Rental Vacancies. However, the largest rental markets of Sydney and Melbourne recorded rises in rental vacancies.. Sydney rose to 4.0%, making it the highest vacancy rate in the country. Vacancy rate of rental properties in Brisbane Australia 2012-2021 Office vacancy rate in Singapore 2006-2019 Office vacancy rates in British city centers Q4 2020 This is compared to the vacancy rates of the capital cities – Sydney’s vacancy rate was at 3.5 per cent in July, according to Domain data. This time last year, the national vacancy … Perth's rental vacancy rate is less than one per cent, and the Real Estate Institute of WA (REIWA) expects rents will increase by 15 to 20 per cent when the emergency moratorium is lifted in March next year. Please authenticate by going to "My account" → "Administration". Register in seconds and access exclusive features. Only 66,411 properties were on offer in Australia as of mid-May, according to data house SQM Research. Typically, a vacancy rate between 2.5 and 3.5 per cent represents a balanced market. In February 2021, the Australian city of Sydney had a residential rental property vacancy rate of 3.3 percent. It now costs on average $646 to rent a house in Australia’s biggest city, according to the latest figures from SQM Research, the cheapest level since 2013 and a 6.5% drop from a year ago. members’ rent roll numbers and calculated as a ratio of vacant rental properties divided by total rental properties (occupied and vacant). While rates in Sydney’s outer suburbs remain tight, in Melbourne the Mornington Peninsula, Nillumbik- Kinglake and Yarra Rangers all have vacancy rates of 0.3 per cent. REIWA collects information from reiwa.com and other sources. (April 7, 2021). Directly accessible data for 170 industries from 50 countries The tightest rental market among the capital cities is currently Hobart with a 0.6 per cent vacancy rate. Only those properties with unique addresses or … The rise in estimated vacant rentals have been most pronounced over November in Canterbury REIWA disclaims liability for the accuracy of information on reiwa.com. All listings are taken from online monitoring of major listings sites. Typically, a vacancy rate between 2.5 and 3.5 per cent represents a balanced market. As a snippet, see below the rental vacancy rate for the Sydney CBD. Looking more closely at this region, Brisbane LGA also eased 0.1 per cent to 3.1 per cent, which indicates a healthy market for a second consecutive quarter. The reiwa.com vacancy rates are collated from a survey of REIWA Hover over the graph to see quarterly listings and rental prices. The region with the tightest rental market is in Far North Queensland, where residents face intense competition securing a rental. Chart. Tenants will find more choice, with an estimated 21,800 vacant rental listings at the end of November – up 3.9 per cent from October. This time last year, the national vacancy rate was slightly higher at 2.3%.. All capital cities recorded declines in vacancy rates over the month. The ideal entry-level account for individual users. View the March 2021 results; View the March 2021 Media Release You can only download this statistic as a Premium user. Vacancy rates by suburb / postcode; Implied gross rental yield for Sydney; Asking sale price for Sydney; Asking rent for Sydney; Stock on market for Sydney; Weekly rent listings for Sydney; Vacancy rates … REIWA assists Salvos to knock on digital doors for Red Shield Appeal, Perth Market Snapshot for the week ending 9 May 2021, Budget a win for first home buyers and women. Rental vacancy rates in Australia in April 2015 1 Avoid the financial pitfalls associated with vacancy rates by investing with Defence Housing Australia: Defence Housing Australia (DHA) builds properties for Defence members and their families and sells them to … By the end of February, Hobart had just 194 homes available to rent — a vast contrast when compared with Melbourne’s 27,807 vacancies. Vacancy rates up across Australia . Those advertisements with no addresses were excluded from the series. Most often, vacancy rates are used to determine rental demand and if the vacancy rate is high, that means there is a greater number of homes sitting empty. The series starts off in January 2005. It … The Real Estate Institute of NSW’s (REINSW) March 2021 Vacancy Rate Survey, which examined 113,568 rental properties, found a residential vacancy rate of 0.8 per cent on the South Coast, 0.9 per cent in Murrumbidgee and 0.6 per cent in the South Eastern area which is situated between the South Coast and Murrumbidgee. REIWA at all times retains copyright and holds all intellectual property rights to reiwa.com and its data. On the West Coast, the rental vacancy rate is 5.1%. Only those listings that had been advertised for three weeks or more (and are still currently advertised as at the time of collation) were used. The national residential rental vacancy rate recorded a decrease over the month from 2.5% in May to 2.2% in June 2020.. Then you can access your favorite statistics via the star in the header. "Rental property vacancy rates in selected cities in Australia in February 2021." REINSW produces a monthly rental vacancy rate report, covering the majority of the state. Postcode or suburb: More Charts & Demographics. The reiwa.com vacancy rates are important indicators of how Western Australia’s rental markets are performing. Sydney's vacancy rate surged from 2.1% in November to 2.6% in December. In Greater Sydney, Camden, Wyong and the Blue Mountains continued to outperform, with vacancy rates at or below 0.5 per cent. The Rental Vacancies component is based on all monitored and unique online listings for the period of a calendar month. The strip of coast an hour from Melbourne includes popular surf towns Torquay, Jan Juc and Anglesea. In Townsville, the vacancy rate was just 0.5 per cent in July. Oct 13, 2019 – 4.48pm Rental vacancies in Sydney dropped to 2.9 per cent, the lowest in a year, led by areas such as Chatswood, Auburn and Arndell Park, the … The preliminary median weekly rent and vacancy rate figures are an estimate. Nationally, the vacancy rate fell to 1.8 per cent, its lowest level since March 2020, with more than 57,000 rentals estimated to be sitting empty at the end of the month. Highest vacancy rates … ", SQM Research, Rental property vacancy rates in selected cities in Australia in February 2021 Statista, https://www.statista.com/statistics/985872/rental-property-vacancy-rates-selected-cities-australia/ (last visited May 11, 2021), Rental property vacancy rates in selected cities in Australia in February 2021, LPI of the construction industry Australia FY2010-FY2020, Building construction industry gross value added Australia 2009-2019, Value of construction activity Australia FY 2015-2025, Construction companies expected level of activity Australia FY 2020, Number of new home building starts Australia FY 2015-2025, Change in number of new building starts Australia FY 2015-2025, Change in volume of major home renovations Australia FY 2020-2025, Work value of new completed residential buildings Australia 2011-2020, Work completed on new houses value Australia 2011-2020, Growth in residential house prices in Australia 2006-2020, Median residential property value Australia FY 2001-2018, Median residential property value Australia 2020, by city, Median house value Australia 2020 by city, Annual change in home prices Australia 2018-2019 by city, Annual change in home value Australia 2020, by city, Share of household occupancy Australia FY 2018 by tenure type, Share of mortgage-free homeowners Australia FY 2001-2018, Share of households with mortgage Australia FY 2001-2018, Share of households renting private housing Australia FY 2001-2018, Share of households renting state housing Australia FY 2001-2018, Vacancy rates in rental properties in Australia 2021, Housing cost income share for mortgage homeowner Australia FY 2001-2018, Housing cost income share for renters of private property Australia FY 2001-2018, Mean housing cost mortgage homeowner Australia FY 2001-2018, Mean housing cost mortgage free homeowner Australia FY 2001-2018, Mean housing cost private renters Australia FY 2001-2018, Selected cities weekly average rent in Australia 2018, Share of household income spent on rent across Australia 2020, by metropolitan area, Share of household income spent on rent across Australia 2020, by regional area, Monthly growth in housing finance in Australia 2018-2020, Household lending for owner occupied homes Australia 2011-2020, Median residential property mortgage outstanding value Australia FY 2001-2018, Ways mortgage customers have obtained loans Australia 2018, Comparison of mortgage owner's satisfaction with major banks Australia 2019, Vacancy rate of rental properties in Darwin Australia 2012-2021, Vacancy rate of rental properties in Adelaide Australia 2012-2021, Vacancy rate of rental properties in Hobart Australia 2012-2021, Vacancy rate of rental properties in Melbourne Australia 2012-2021, Vacancy rate of rental properties in Perth Australia 2012-2021, Vacancy rate of rental properties in Canberra Australia 2012-2021, Vacancy rate of rental properties in Sydney Australia 2012-2021, Vacancy rate of rental properties in Brisbane Australia 2012-2021, Vacancy rates in rural and urban areas Manitoba 2010-2015, Vacancy rates in rural and urban areas Ontario 2010-2015, Vacancy rates in rural and urban areas Quebec 2010-2015, Vacancy rates in rural and urban areas Prince Edward Island 2010-2015, Office vacancy rate in New York 2006-2019, Office vacancy rates in British city centers Q4 2020, Ways in which travelers save money at vacation rentals in the U.S. 2015, Weekly YoY growth in Airbnb bookings in Shenzhen, China 2020, Weekly YoY growth in Airbnb bookings in Hua Hin Thailand 2020, Number of Airbnb guests in the countryside in France 2012-2017, Most popular luxury vacation rental amenities for U.S. travelers as of February 2014, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. To mitigate volatility in the sample of responses, REIWA uses three month rolling figures. Method #1: Find Vacancy Rates Using An Old School Magazine. As a Premium user you get access to the detailed source references and background information about this statistic. Data is updated for the March, June, September and December quarters. The year on year comparison revealed a similar decline when the national rental vacancy rate in February 2019 was 2.2 per cent compared to 2 per cent recorded for February 2020. Rental vacancy rates The Perth rental market has continued to show promising signs of improvement, with vacancy rates falling to 4.5% in August – the lowest it has been since April 2015 (source; REIWA 2018). While vacancy rates were low in Melbourne, it had the highest number of properties without a tenant, 13,521. Downtown Melbourne also had a high rental vacancy rate of 9.3 per cent in May, up from 7.6 per cent in April and at a level four times higher than May 2019. Vacancy rate of rental properties in Melbourne Australia 2012-2021 Vacancy rates in rural and urban areas Ontario 2010-2015 Vacancy rates in rural and urban areas Quebec 2010-2015 For REIWA forms for non-members and RTOs, call us on 9380 8222. With Sydney and Melbourne’s markets still soft and exposed to overseas migration, rents could fall further – especially for apartments. The divergence in vacancy rates between Melbourne and Sydney and elsewhere has also led to divergent rental growth: Over the month to 12th April 2021, capital city rents rose 1.3% for … Accessed May 11, 2021. https://www.statista.com/statistics/985872/rental-property-vacancy-rates-selected-cities-australia/, SQM Research. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. The critical undersupply of rental properties is partly the result of lending restrictions that came into force four years ago, according to the Property Investment Professionals of Australia (PIPA). The Rental Vacancies component is based on all monitored and unique online listings for the period of a calendar month. The financial year ended with the total number of vacancies Australia-wide now at 77,132 vacant residential properties. Perth tenants are now paying 12% … In the last month, vacancy rates have soared across the country’s capital cities, with national vacancies rising from 2% to 2.6% in a matter of weeks, according to analysis from SQM Research. Your search has been limited to the first 30 items entered. The reiwa.com vacancy rates are important indicators of how Western Only 66,411 properties were on offer in Australia as of mid-May, according to data house SQM Research. So working out the vacancy rate is very important. 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