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.