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Vacancy rates have remained tight for most of the country, while asking rents have risen across most capital cities.
New figures from SQM Research have shown that 12-month changes to national rents are mirroring the CPI index, while vacancies are tight in every capital except Perth.
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Canberra recorded the most significant improvements, as houses increased by 9.2 per cent over the past 12 months to $524 and units climbed 6.9 per cent to $408, while the vacancy rate fell from 1.9 per cent to 1.1 per cent.
In Hobart, houses climbed 8.5 per cent to $347 and units dropped 0.9 per cent to $277, while the vacancy rate fell from 1.5 per cent to 0.8 per cent.
Sydney’s houses jumped 3.3 per cent to $712 and units climbed 5.4 per cent to $506, while the vacancy rate fell from 1.8 per cent to 1.6 per cent.
In Melbourne houses rose 1.7 per cent to $484 and units climbed 3.8 per cent to $378, while the vacancy rate fell from 2.4 per cent to 1.9 per cent.
Adelaide’s houses climbed 1.2 per cent to $371 and units rose 0.1 per cent to $284, while the vacancy rate increased from 1.9 per cent to 2.0 per cent.
In Brisbane houses dipped 0.1 per cent to $449 and units jumped 0.9 per cent to $372, while the vacancy rate rose from 2.4 per cent to 2.7 per cent.
Perth’s houses dropped 9.6 per cent to $456 and units fell 10.0 per cent to $366, while the vacancy rate rose from 3.4 per cent to 4.7 per cent.
In Darwin houses dropped 10.4 per cent to $556 and units decreased by 12.2 per cent to $433, while the vacancy rate fell from 3.5 per cent to 2.9 per cent.
Across the country houses rose 2.2 per cent to $417 and units increased by 0.9 per cent to $341, while the vacancy rate remained steady at 2.4 per cent.
[Related: Australia faces rental affordability crisis]
