Critical undersupply of rental properties to persist
Rental Properties around Australia New data released recently has confirmed the critical undersupply of rental properties around the nation. According to SQM Research, the national residential rental vacancy hit just one per cent in March – the lowest level in 16 years. The last time the national vacancy rate was this low, “Kevin07” wasn’t even a thing yet! To understand what this metric really means it’s vital to know that the equilibrium point of supply and demand in the rental market is generally considered to be three per cent. This means that a vacancy rate of one per cent is …
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