RESIDENTIAL PROPERTY
A RUSH of investors to the housing market has cooled down the heated rental market, but ongoing population growth could see a return to tightening vacancies in the second half of the year...
The latest data from PropTrack showed the national rental vacancy rate held relatively steady in July, dropping 0.01 percentage points (ppt) to 1.42%. Capital cities came in at...
Vacancies came down by a fraction in July in Brisbane (to 1.16%), Adelaide (1.06%), Perth (1.26%), Hobart (1.11%) and Darwin (1.03%). Sydney was steady at 1.68%, while...
What we’ve actually seen is that the vacancy has increased really over the past few months. And the reason for that is that we’ve seen a really strong bounce back this year in...
Investor lending jumped by more than 30% in the year to June, according to the Australian Bureau of Statistics, underpinned by a tight rental market and...
The flipside of that though, of course, is population growth, which is outstripping supply of housing. So, we’ve got these sort of two forces counteracting each other at the moment...
A surge in migration pushed Australia’s population growth to a record 659,800, official data showed. Housing supply is already at a critical low, and approvals and ...
We don’t think that enough new homes will be delivered to keep up with that population growth. So, on balance, I think that we could start to see vacancy deteriorate again...
The primary driver of population growth is overseas migration, and when people come to Australia, they’re more likely to be renters than owner-occupiers for at least the...
What that means for rents remains is unclear, with affordability constraints pulling back on rental growth, which has hit its lowest level in four years...
Many renters have been opting for the more attainable unit market, reforming share houses, or moving in with mum and dad to deal with surging rent and living costs...