- Rates remained at the record low of 1%
- Sydney and Melbourne saw rates decrease
- “All capital cities continue to operate in a landlords’ market this month"
The latest Domain data shows April rental vacancy rates were stable. While that may initially sound good, the stability means that the lowest vacancy rates on record have been maintained: 1%.
While the number of vacant rental listings did creep up in Adelaide, Canberra, Hobart, and Perth, Adelaide and Canberra continued to be some of the toughest cities to rent in, Adelaide recorded a 0.3% vacancy rate and Canberra recorded a 0.4% vacancy rate.
Sydney and Melbourne vacancy rates decreased, with the harbour city recording a record low of 1.4%.