Research

The national vacancy rate is at pre-pandemic levels, and the lowest since March 2020, the month before widespread lockdowns and international border closures.

Nationally, the vacancy rate held steady in March for the third consecutive month at 1.9 per cent.

Melbourne's auction market hit its highest result since 2017 at 74.8 per cent with auction prices pushing to record highs.

Sydney's auction market hit a milestone in March, achieving the highest clearance rate since 2015 at 82.3 per cent.

Across the city, one clear trend has emerged over the past two years, and by looking at the performance of individual suburbs, we can even see where the steepest rises are likely to hit next.

Melbourne’s auction clearance rate lifted in February to 75.3 per cent, the highest point since April 2017.

Sydney’s auction clearance rate soared in February to 81.7 per cent, the highest point in nearly six years.

In certain areas competition between tenants will be fierce as tight vacancy rates remain across some of the capital cities. Many tenants will find themselves operating in a landlords market and should brace for rental price hikes.

As mortgage rates have hit historic lows, ultimately aiding the serviceability cost of a home loan, more Australians are looking to work out the answer. We’ve crunched the numbers comparing weekly mortgage repayments to rents across Australia.

Nationally, vacancy rates hit the lowest since March 2020, prior to the pandemic.