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‘Alarming’ vacancy increases for Perth and Darwin

‘Alarming’ vacancy increases for Perth and Darwin

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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
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