Ensure you never miss an issue of the
real estate business bulletin
‘Alarming’ vacancy increases for Perth and Darwin

‘Alarming’ vacancy increases for Perth and Darwin

by Reporter 0 comments

Property managers in Perth and Darwin are finding it increasingly hard to secure tenants, but life is easier for their colleagues in the rest of Australia.

New figures from SQM Research show that national vacancies appear to be following seasonal trends expected at this time of year.

In Darwin, vacancies climbed from 3.4 per cent in December 2014 to 4.2 per cent in December 2015.

Perth’s vacancy rate jumped from 2.8 per cent to 4.1 per cent over the same period.

SQM managing director Louis Christopher said the vacancy rate has reached “alarming” levels in Perth and Darwin – however, most other capitals have remained stable or recorded falls.

In Brisbane, vacancies rose from 2.7 per cent to 2.9 per cent, while Melbourne’s vacancy rate fell from 3.2 per cent to 2.8 per cent.

In Canberra, the vacancy rate remained unchanged at 2.3 per cent, while Adelaide’s vacancies rose from 1.7 per cent to 2.1 per cent.

Sydney remained stable at 2.1 per cent, while Hobart’s vacancy rate fell from 1.4 per cent to 1.1 per cent.

[Related: New stats show 2015 was a bleak year for landlords]

 

‘Alarming’ vacancy increases for Perth and Darwin
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?