How much property is available to rent in your capital city? A state-by-state analysis: SQM

By Cassidy Knowlton
Wednesday, 22 February 2012

SQM Research has compiled data on how much rental stock is available in each capital city in Australia.

The number of residential properties available to rent in Melbourne. This equates to a vacancy rate of 3.5%, according to SQM.

The number of residential properties available to rent in Sydney. This equates to a vacancy rate of 1.6%, according to SQM.

The number of residential properties available to rent in Brisbane. This equates to a vacancy rate of 1.8%, according to SQM.

The number of residential properties available to rent in Adelaide. This equates to a vacancy rate of 1.4%, according to SQM.

The number of residential properties available to rent in Perth. This equates to a vacancy rate of 0.6%, according to SQM.

The number of residential properties available to rent in Hobart. This equates to a vacancy rate of 2.1%, according to SQM.

The number of residential properties available to rent in Canberra. This equates to a vacancy rate of 0.8%, according to SQM.

The number of residential properties available to rent in Darwin. This equates to a vacancy rate of 0.9%, according to SQM.

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written by Stewart R Darby, February 22, 2012

Hard to reconcile a vacancy of just o.6% here in Perth. It would appear that the calculation divides the number of properties advertised which according to SQM must have an address (most likely to be R/E managed website properties) divided by the total rental stock which has been escalated in line with building approvals since the 2006 Census. Here is the rub. The total rental stock includes private rental (R/E managed plus private landlords), social housing, employer housing & other landlords. Dont ever remember either the social housing or employer sectors advertising their properties for rent. Private landlords should also be excluded if these are only agency managed listings. Reducing the denominator to R/E managed property from 2006 Census (62,914) & escalating it by 11.5% puts the vacancy to at least 1.5% which is somewhat closer to the 2.3% REIWA recorded in its January vacancy survey