The residential rental vacancy rate increased on a national level in December by 0.4 per cent, new research has shown.
According to figures released by SQM Research last week, the level of residential vacancies rose substantially during the month of December, coming to a total of 63,089.
However, SQM attributed this to a seasonal shift in the number of people moving due to new jobs or students vacating campus accommodation.
“At this time of year, seasonality really can have an impact upon vacancy rates and overall property listings, and this year has proven to be no exception,” managing director of SQM Research, Louis Christopher said.
“SQM Research does not seasonally adjust its numbers because we are of the opinion that the user of the data actually receives more value from observing the seasonal change that occurs in the property market.”
When comparing this figure to December 2011, there is very little to no change in vacancies.