Almost 12 months after it began, rental markets appears to have largely shaken off the ill-effects of the pandemic for now.
According to property investment house SQM Research, the national vacancy rate is now 2%, below the pre-pandemic level of 2.1%, as capital city markets around the country continue to tighten.
That’s despite the largest two, Melbourne and Sydney, remaining at elevated levels as both continue to bear the brunt of paused immigration and international students inflows.