According to research firm SQM Research, vacancy rates across the nation are sitting at 2.6%, which indicates a 0.3% increase in vacancy rates across Australia’s capital cities compared to last year.
Cities With the Highest Vacancy Rates:
- Melbourne had the highest vacancy rate at 3.4% in December, with it’s CBD recording a 5.8% vacancy rate.
- Brisbane recorded a vacancy rate of 2.8% and an annual vacancy rate increase of 0.6%. The CBD of Brisbane recorded a vacancy rate of 5.4%.
- Canberra had a vacancy rate of 2.3% which increased 0.6% from last year.
- Perth’s vacancy rate was 2.1% in December 2013, but compared to December 2012 at 0.9% this city had the biggest spike in vacancy rates compared to the year before. Perth’s CBD recorded a 5.9% vacancy rate.
- Sydney recorded a 1.6% vacancy rate according to REINSW. The city’s cumulative rate decreased by 0.1% from December 2012. The inner suburbs of Sydney recorded vacancy rates of 1.6%; the middle suburbs recorded a 1.8% vacancy rate and the outer suburbs recorded a 1.3% vacancy rate.
- Regional towns with the highest vacancy rates include: Gladstone (11.1%), Townsville (8%), Karratha (8%), Mackay (6.8%), and Port Headland (6.3%).
Statistics on the vacancy rates across the nation below:
The information provided in this article is of a general nature only and in no way constitutes legal or professional advice, or specific advice in relation to any finance. In all cases we recommend you receive professional financial advice for your own personal circumstances.
This content in this article was sourced from our guest contributor Your Future Strategy’s.