National Vacancy Rates October 2024

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National Vacancy Rates October 2024

Opportunities for Investors

The latest report from SQM Research reveals that Australia’s national vacancy rates held steady at 1.2% in October 2024. With just 36,486 residential properties vacant, this slight decrease from September’s 37,932 highlights a resilient rental market. For property investors, this data offers insights into regions primed for high-yield opportunities.

Key Highlights from the Vacancy Report

1. City Specific Trends

  • Sydney: A slight easing to 1.5% vacancy rate (10,874 dwellings).
  • Melbourne: Stable at 1.7%, with 9,052 vacant properties.
  • Perth & Adelaide: Among the lowest rates, with 0.5% and 0.6%, reflecting strong demand.
  • Darwin: A seasonal rise to 1.4%.

 

2. Rental Price Dynamics

  • Nationally, average rents rose by 0.3%.
  • Notable increases: Canberra (2.3%) and Darwin (4.2%).
  • Declines observed in Brisbane (-1.1%) and Perth (-0.8%), indicating cooling markets.

Investment Implications

The low vacancy rates across most cities signify strong rental demand, creating an ideal environment for investing in High Yield Investment Properties and Cash Positive Investment Properties. Locations such as Perth and Adelaide, with their limited rental stock and steady growth, present lucrative opportunities for long-term gains.

For those interested in diversifying their portfolio, the increasing rents in smaller markets like Darwin and Hobart suggest emerging hotspots. These areas could be ideal for NDIS Investment Properties or Co-living Investment Properties, catering to the unique needs of tenants while maximizing returns.

Leverage Your Investment with SMSF

With stable vacancy rates and predictable rental growth, now is an excellent time to explore SMSF Friendly Investment Properties. By incorporating real estate into your Self-Managed Super Fund, you can secure steady income and capitalize on Australia’s rental market resilience.

Conclusion

Australia’s rental market continues to exhibit stability and resilience, with vacancy rates at record lows in key areas. Whether you’re seeking High Yield Investment Properties, NDIS Investment Properties, or Cash Positive Investment Properties, the current market conditions offer immense potential.

 

As the #1 investment property portal in Australia, we are committed to helping investors find high-yield, capital-growth, off-market properties.  

 

For more information or to explore our latest listings of investment properties across Australia, visit Aus Investment Properties.

Source: SQM Research, National Vacancy Rates October 2024 Report.

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SQM Research is an investment research house that specialises in providing accurate research and data to financial institutions, investment professionals and investors.

Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.

Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

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