Vacancy rates nationally are at almost the lowest points recorded, with all cities showing very tight rental stock.
This has been driven by a shortage of properties, and a surge in people entering the country again following the recent opening of international borders.
The rental market has clearly shifted in favour of landlords, who should be looking forward to increased rental yields.
Hobart and Adelaide are the tightest rental markets in the country, with vacancy rates at 0.2% and 0.3% respectively.
Check out the following vacancy rates summary published by Domain for February 2022 - https://www.domain.com.au/research/vacancy-rates-february-2022-1121910/.
