赛车时时彩投注平台:Business

Rental vacancies in Sydney hit record high, rents likely to keep slipping

广东时时彩投注 www.dej6f.com.cn Updated July 17, 2018 12:22:07

Sydney renters have the greatest choice in at least 13 years, with vacancy rates at the highest level on records that go back to 2005.

Property analysis firm SQM Research compiles monthly rental vacancy figures, which show 2.8 per cent of Sydney's rental properties were sitting empty in June.

That is up from 2.5 per cent in May and is the highest level since SQM started recording the data in 2005.

SQM's managing director Louis Christopher said there is a typical seasonal rise in rental vacancies early in winter, but these figures were much worse than usual.

"I think this is the only time in my career that I can say with certainty that Sydney is now a buyer's and a renter's market, simultaneously," he noted.

Mr Christopher said the city had been flooded with a large supply of new apartments at the same time as population growth was easing slightly as many people moved to cheaper cities and regions.

"Sydney rents are now down for the year and it is likely rents will continue to slip as there is still a lot of supply coming in the pipeline," he observed in the report.

"I believe Sydney will shortly record a fall in its population growth rate due to a relatively recent steep rise in interstate migration towards Queensland."

That shift may be partly reflected in a slight fall in Brisbane vacancies over the past year from 3.6 to 3 per cent.

Perth and Darwin also continued to have worse rental vacancy rates than Sydney, at 4.1 and 3.5 per cent respectively.

However, Perth's vacancy rate has improved from 5.4 per cent in June last year.

Melbourne and Adelaide both had vacancy rates well below 2 per cent, while less than 1 per cent of rental properties are vacant in Canberra and Hobart.

Rents move down as vacancies rise

Sydney was the only capital city to record a fall in asking rents over the past year, with houses down 2.2 per cent and units down 0.1 per cent.

However, the nation's biggest city still has its highest asking rents, at $709 for houses and $522 for units.

Canberra recorded the strongest rise in rents, with houses in the nation's capital typically costing $631 a week and units $440, up 13 and 6.6 per cent respectively over the past year.

Hobart also had very steep rent rises, given its extremely low vacancy rate, with house rents up 8.5 per cent to nearly $400 a week, while units jumped 10.4 per cent to $347 a week.

Asking rents did not move too much in most other cities, with the national average rent rise over the past year sitting at 0.5 per cent for houses and 0.9 per cent for units.

Official Bureau of Statistics data from the March quarter showed rents rising at an annual pace of 0.8 per cent, nationally, up from a record low of 0.5 per cent in the September quarter last year but still well down on typical levels.

Widespread vacancy increase in Sydney

The increase in Sydney vacancies is not restricted to a few regions, and includes some areas that traditionally have very low vacancy levels.

The Eastern Suburbs region, for instance, has seen its rental vacancy rate jump to 3.1 per cent from typical levels below 2 per cent over recent years.

The lower North Shore area has a much higher vacancy rate of 4.1 per cent, following a recent steep rise.

Vacancy rates in the Hills District have roughly doubled over the past two years to 4.9 per cent.

Kellyville leads the way in that area, with the suburb recording a rental vacancy rate of 7.1 per cent, while 6.9 per cent of rental homes sit empty in nearby Box Hill.

SQM's calculations are based on online rental listings that have been advertised for three weeks or more compared to the total number of established rental properties.

Topics: housing-industry, economic-trends, consumer-finance, sydney-2000, australia

First posted July 17, 2018 09:05:14

  • 打造差异化特色化网站 海外网全新改版 2018-12-11
  • 肯尼亚蒙内铁路乘务员掠影(高清组图) 2018-12-11
  • 云南省2018年度国家社科基金项目申报工作的几点做法 2018-12-10
  • 回复@老老保老张工:吃个早餐还要让人批准?就这点出息啊? 2018-12-10
  • 不管怎么讲幸福,老百姓的愿望并不奢望,就是看病不难,不贵,不需要没钱就从手术台赶 下来,只能住医院过道,房子并不要太大,能避风挡雨,子女并不要万贯家财,能有一份 2018-12-10
  • 西藏的和平解放(下) 2018-12-09
  • 浙大历史系教授:佛教是从印度传来的吗?(图) 2018-12-09
  • 2018《粤语好声音》海选启动 林忆莲梁咏琪有望加盟 2018-12-09
  • 把握区域经济发展的新特点(信息快递) 2018-12-08
  • 隔代育儿,“晚年”该如何呵护童年 2018-12-08
  • 新疆铁路货运单日装车突破7000车大关 2018-12-08
  • 女孩带八十岁养母读研:她陪我长大,我陪她到老 2018-12-07
  • 中央环保督察“回头看” 发现两起虚假整改案例 2018-12-07
  • 人民日报创刊70周年 海外网探访人民日报社印务中心 2018-12-06
  • 《刺客伍六七》:这部动画何以成为潜力国漫 2018-12-06
  • 262| 437| 634| 363| 353| 434| 670| 632| 723| 922|