by Sanjeev Sah | Sep 12, 2023 | Market Updates

Australia’s rental markets were extremely tight in July, with the national vacancy rate holding steady at 1.3%, according to SQM Research.  

Looking at the capital cities: 

* Darwin was the only one to see a rise in its vacancy rate, up to 1.0%. 

* Sydney, Perth, and Hobart all saw small drops, landing at 1.6%, 0.5%, and 1.8% respectively. 

* Melbourne, Brisbane, and Canberra were unchanged at 1.3%, 1.0%, and 2.1% respectively.