"If you want to understand the Australian property market, you need to understand rental vacancy rates"

LAST UPDATE: 23 NOVEMBER 2019

As supply starts to dwindle in Perth, Brisbane and Adelaide, vacancy rates fall.

Rental vacancy rates are an excellent and important indicator as to the amount of supply relative to demand for rental property, and can be a useful indicator in which way rents and prices are going to go.

But just as important as today's rate, is the trend. Using Perth as an example, the rate in August 2019 was 2.7%, which is getting to the high end, as anything over 3% needs careful monitoring.

BUT...

In September it fell again to just 2.4%.

And just look how it has fallen since 2017, %, so the TREND is clearly down.

The time to buy is when the trend is down, but before the general public realise. It is better to move too early than too late.

PERTH:

 

 

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