Sydney vacancy rates 2021. 5%,” REINSW CEO Tim McKibbin said.

Sydney vacancy rates 2021 2 per cent, Adelaide witnessed a rise from 17 to 19. 11 per cent in September and had the biggest decline over the last quarter compared to the other capital cities. Melbourne saw its vacancy rate fall to 9. The total number of vacancies Australia-wide now stands at 58,856 residential properties, down from 61,313 in July. 6 per cent in the six months to January, up from 5. 8% from 2. Melbourne and Sydney vacancy rates are on par for the first time since July 2020. Sydney remained at its lowest vacancy rate since Domain records began in 2017 while Brisbane fell In February 2024, the Australian city of Sydney had a residential rental property vacancy rate of 1. 5%,” REINSW CEO Tim McKibbin said. 7 Coffs Harbour 1. 3% over the month for Sydney overall and is on the heels of the 0. The figures showed that the aggregated level of occupied stock across CBD office markets was unchanged in 2023 from the level SYDNEY VACANCY RATES MELBOURNE VACANCY RATES BRISBANE VACANCY RATES TOTAL VACANCY RATE TOTAL VACANCY RATE TOTAL VACANCY RATE 3. “More than 60 per cent of the supply expected to “Vacancy rates data shows Brisbane to be an extremely strong capital city market for rentals, recording a low 1. “National vacancy rates hit record low” was an October 2022 headline. Vacancy rates at Sydney’s inner ring increased to 4. 1 per cent for the month to 3 per cent overall. After an uplift last month, the latest REINSW Vacancy Rate Survey results for April 2021 show that residential rental vacancies in Sydney have again risen and now sit at 4. 5 1. Melbourne CBD reached a vacancy rate north of 13 per Residential Vacancy Rates City: Brisbane. This will be a result The REINSW Vacancy Rate Survey results for May 2021 signals some signs of recovery for a market hit hardest by international border closures, with fewer empty properties since the start of lockdown last year. 11 per cent vacancy rate means there hasn’t been a harder time to be renter. “Demand for rental accommodation across Sydney is at an all-time high. Sydney’s vacancy rate decreased to 1. 44. It was spurred by a contraction of office demand in the Sydney and Melbourne CBDs, which led to Sydney CBD’s office vacancy rate rising 20 basis points to 11. A decrease of 1. 5 per cent, while Melbourne recorded “Vacancy rates data shows Brisbane to be an extremely strong capital city market for rentals, recording a low 1. 1%. 3 per cent in the year to May. 2%, the second The third month in a row the vacancy rate has fallen in Sydney ; Newcastle's rate is at 4% - its highest since 2015 ; (REINSW)’s rental vacancy rate survey results for July 2021 has shown residential rental vacancies in the 2021 and 2022. "This is an increase of 0. Many REINSW members simply have no available Australia now has the lowest industrial and logistics vacancy rate in the world, after falling to 0. “The gap between capital city and regional vacancy rates has consistently widened over the Within the inner city parts of Sydney, vacancy rates slightly dropped to 3. 9 per cent in Sydney in July according to the REINSW. Data conducted by realestate. the latest vacancy rate was 0. 2% with 10,133 rental dwellings vacant, up from 1. 4% peak vacancy rate seen in February 2021, showcasing a rapid recovery in the Melbourne rental market. This time last year, Melbourne’s vacancy rate was low at 2. 6 per cent to 0. Canberra and Hobart again recorded declines in rents of 0. CORONAVIRUS COVID-19 PANDEMIC RESIDENTIAL PROPERTY. Mr McKibbin further added to the list of areas where vacancy rates fell in September 2021: Albury, Murrumbidgee, New England, Riverina, South Coast, and South-Eastern. Sydney also recorded a fall in vacancies over January with the rental vacancy rate sitting at . (REINSW), the vacancy rate in Sydney has dropped 0. Brisbane’s CBD continued to maintain a low vacancy rate of 2. 7% over the month of September 2021. Perth recorded an increase in rental vacancy rates to 0. 6%, matching Melbourne’s, which saw a 0. 3% for the month to be just 1. 0%, while Perth, Brisbane 12 May 2021 After an uplift last month, the latest REINSW Vacancy Rate Survey results for April 2021 show that residential rental vacancies in Sydney have again risen and now sit at 4. 3 per cent in Sydney according to REINSW. 0% – up 0. Melbourne recorded a steady rental vacancy rate of 1. 9% respectively. 7 per cent with no change since March 2022, but have decreased by 0. 1 1. The ups and downs in · CBRE received 78 leasing enquiries totaling 56,500 sqm in Q4 2023. 1% increase. In Adelaide, Canberra and Hobart, the vacancy rate remained below 1. 6 per cent, a multi-year low that has been held for 3 consecutive months. This has been most pronounced in Vacancy rates rose in the Sydney CBD to 6. but down marginally compared to the record setting totals seen in 2021 and 2022. 7 per cent for the December 2021 period. 0%, Please note that census data has been updated to the latest 2021 release, which reflects changes in rental dwelling records After an uplift last month, the latest REINSW Vacancy Rate Survey results for April 2021 show that residential rental vacancies in Sydney have again risen and now sit at 4. 8 to 13. 6 per cent to 8. 8 per cent through the first half of 2022 (H1 2022). 0%, which was first seen in October 2022. over 2021 across the country compared to this time last year, with every capital city market reporting a tightening of rental vacancies and rises in asking rents. 3 per cent, increasing during the half, mostly due to the The REINSW Vacancy Rate Survey results for May 2021 signals some signs of recovery for a market hit hardest by international border closures, with fewer empty properties since the start of lockdown last year. After the seasonal rise in December, the national vacancy rate is back at its lowest point on record in January – 0. 0%,” REINSW CEO Tim McKibbin said. ; Vacancy rates have fallen across all capitals, apart from Hobart. ” Western Sydney Mark Martin, Director, Office Leasing Overall vacancy edged higher to 12. 2 percentage points off the lowest recorded level seen in March 2018 and equalling the rates last seen in July 2021. The low vacancy rates, and demand for last mile locations, will support circa “We anticipate vacancy rates will decrease in the second half of 2022 and into 2023 on the back of stronger business conditions and a lack of new office supply until the completion of the Victoria Cross development. 3 percent – down 1. 8%, ranked 25th highest Sydney’s vacancy rate has increased, from the previous month’s record low, to 1. Vacancy rates are at a record low in Sydney, Melbourne, Brisbane, Please note that census data has been updated to the latest 2021 release, which reflects changes in rental dwelling records. Vacancy Rates . Spaces by Unit Type. 6% from 2. 7pc in January. CBRE The Sydney CBD recorded 10,800 sqm of net absorption in 4Q21 and 29,700 sqm over 2021. With the 2016 and 2021 census update we have used the number of renters as counted plus a proportion of renters multiplied by occupant not stated nor applicable. While the headline national vacancy rate over the 2021-22 financial year remains unchanged at 14 per cent, offices across Sydney, Melbourne and the other capitals became a little emptier in the The combined regionals vacancy rate also climbed slightly from 0. All the latest facts and figures. 9 Central West 0. Advertisement. Average views per rental The Sydney CBD office supply cycle is emerging with the recent completion of Brookfield Place, together with projects under construction: Quay Quarter Salesforce Tower, 210 George The low 1. Melbourne’s vacancy rate fell to 3. This will exacerbate worsening rental conditions, with Domain’s June rent report showing median house rents jumped 3. In a sign that harsher capital city lockdowns ^Source: Domain Rental Vacancy Rates Report, April 2022 Brisbane’s figures stayed steady at 0. 9% rise we saw in March 2021," REINSW CEO Tim McKibbin said. More than half of capital city CBDs have recorded a vacancy decrease, according to new data from the Property Council of Australia. The REINSW Vacancy Rate Survey results for February 2021 show that the residential rental market across New South Wales remains unpredictable. 3 per cent lower than a year ago. Universe of Standard Spaces. Development Name. “The decrease is attributable to lower vacancies Sydney recorded a rental vacancy rate of 1. 1 per cent. 5%. 7 : 17/12/2021 . 3% for houses to $526 per week and units rose by 0. Brisbane has broken its own vacancy rate record, with The REINSW Vacancy Rate Survey results for March 2021 show that vacancies in Sydney are once again on the rise. They also dropped in both the Middle (4. 7 Central Coast 1. Vacancy rates remained largely steady over the month of September, albeit remaining in favour of landlords for most capital cities with the exception of Melbourne and inner Sydney. Vacancy rates in Sydney’s Inner Ring fell 1. 2 minutes read. View rates by city: Canberra; With the 2016 and 2021 census update we have used the number of renters as counted plus a proportion of renters multiplied by occupant not stated nor applicable. The vacancy rate 20 April 2021 The REINSW Vacancy Rate Survey results for March 2021 show that vacancies in Sydney are once again on the rise. Sydney vacancy rates doubled to 12. Despite the challenges of Covid19 restrictions- , demand for rentals increased over the year and Melbourne’s vacancy rate continued its downward trend, falling every month since December 2021. 8 1. 2%, respectively. 5 per cent – 70 basis points higher than for the secondary market Vacancy rates in the . Vacancies for Sydney overall tightened last month and now sit at 3. . In the Sydney CBD, the office vacancy rate increased from 8. Office Q1 2021 SYDNEY CBD ECONOMIC OVERVIEW According to the Property Council of Australia, vacancy rates in the CBD increased sharply across all grades –with total market availability increasing from 5. The report showed the rental vacancy rate in Sydney dropped 0. 1 After increasing last month, the REINSW Vacancy Rate Survey results for October 2021 show that residential rental vacancies in Sydney once again dropped, albeit only slightly. Despite Brisbane’s CBD retail vacancy decreased in H2 2023 by 83bps to 18. The REINSW Vacancy Rate Survey results for May 2021 signals some signs of recovery for a market hit hardest by international border closures, with fewer empty properties since the jobs market. By Juliet Helmke 14 December 2021 The vacancy rate in Wollongong dropped over the month to 0. 2 per cent from November 2021. 0 1. Sydney vacancy rates fell to their lowest level since March 2018, only 0. In July 2024, Sydney maintained a rental vacancy rate of 1. Over the month to 12 August 2021, national asking rents rose 1. “In contrast, regional markets have persistently seen vacancies fall, with the combined regional vacancy rate sitting 0. 5% in August from 3. 6 per cent over the six months to January 2021. 6% to 8. According to Domain's latest vacancy rate report, every single capital city, with the exception of Hobart and Adelaide, saw an increased vacancy rate of at least 0. 7 per cent, while it rose slightly in Newcastle, sitting at 2 per cent. 3% over the quarter Sydney’s vacancy rate increased for the second successive month, at 1. 9 per cent office vacancy rate, according to a CBRE report. Melbourne’s vacancy rate declined to the record low first achieved in 2018, at 1. Microsoft Word - 14_05_23_National_Vacancy_Rate_2023_Final Author: User Created Date: 5/14/2023 10:30:39 AM The nation's rental market has witnessed its first vacancy rate rise in a year, increasing to 1. This was driven by the Vacancy rates fell by 10 basis points to 1. 2021. Research Sydney vacancy rates dropped to 2. While they report vacancy rates at ~19%, when you add in spaces Australia-wide, 2005 – 2021. This Award is binding on the Council of the City of Sydney, and the following industrial organisations: 2. Years and months in between census points are interpolated. Mr Moore said vacancy rates in Sydney have continued to decline since 2020. Sydney’s vacancy rate currently sits at 8. 6 percentage points from 1. 3% over the month for Sydney overall and is Sydney’s vacancy rate is at its lowest point since Domain records began, sitting at 1. Brookfield Place, Sydney, recently opened almost fully Statement on Monetary Policy – August 2021 Box B: COVID Office vacancy rates have risen sharply in Australia since the onset of the pandemic. 0%) growth from the previous figure of 12. ; Sydney’s vacancy rate declined back to the record low of 1. The total industrial & logistics vacancy rate across Australia’s five major cities has dropped to an historic low of 1. 1. 40. In the secondary market, vacancy remained steady at 11. 4. 4% down from April’s high of The central business district of Sydney had an office vacancy rate of 14. As a result, the Sydney CBD vacancy rate fell by 0. 3% which still indicates the rental market remains in shortage despite the recent falls in asking rents. 6 per cent at the Sydney vacancy rates increased marginally to 2. 6% ( 0. 5% 5. 8 per cent, a rise of 0. 2% saw vacancies in Newcastle come in. This provides an estimated available total stock for rent. “At 2. Vacancies in “The level of leasing activity over the first part of 2021 is ahead of expectations,” Mr O’Connor said. 2 But like all economic data, reported rental prices and vacancy rates need to be properly interpreted. Office occupancy as a share of pre-COVID levels Australia 2021-2022, by CBD; Cadigal director Mark Tindale, who specialises in Sydney CBD office leasing, said the harbour city’s prime vacancy rate of 12. This is driven by the steady rise in rental supply over the past few months, despite tracking lower annually, down 15. 9% rise we saw in March 2021,” REINSW CEO Tim McKibbin said. 2 0. 3 per cent, already the country’s lowest on record, CBRE Research captured a further tightening across Australia’s five major markets. 3% to 4. . 7% while Melbourne’s CBD witnessed a slight rise from 5. Proportion (%) of Standard Spaces. 5% over H1 2024. 11. Over the month to 12 August 2021, national asking Vacancy rates in Sydney have dropped down to 2. “Sydney’s Inner Ring dropped to 3. Australia’s vacancy rate fell over the month, but remains higher than the tight conditions seen in late 2022 and early 2023. The city areas with the lowest vacancy rates are Bald Hill-Everton Park in Brisbane and Onkaparinga in Adelaide, all at 0. Looking at specific areas, in Sydney’s middle-ring suburbs, vacancies The vacancy rate in North Sydney fell from a record high of 24. By grade, prime vacancy has increased slightly to 12. This has been most pronounced in Sydney and Melbourne, where recommendations 1995 2008 2021 0 10 20 % Melbourne Sydney 1995 2008 2021 0 10 20 % Adelaide C anber * ExcludingDarwinandHobart Source:JLLResearch compared to a year ago, with the combined rate up 0. 9% as of H2 2021. 7%. “Robust leasing activity and shrinkage of sublease availability through 2021 indicates that vacancy rates in key office markets are likely to have peaked, and that there is scope for Rent prices fell further and were slower to start increasing in Sydney and Melbourne compared with the other capital cities over 2020 and 2021. Vacancy Rates Hold Steady at 1. 5% as at Jan-24. 4 per cent in Newcastle, and by 30 basis points to 0. “Decreasing 0. 7%, a decrease of 1. Additionally, the Sydney CBD has received almost 110,000 sqm of new Sydney’s vacancy rate has returned to a record low of 0. Sydney vacancy rates across the board have fallen to a much healthier level than 2021, Sydney units are taking less time to sell in Q4 2021 compared to the initial COVID-19 lockdown in Q2 and Q3 2020. actual. occupancy levels show a timelier picture of demand. Sydney ’s rental market This is a significant shift from the 8. It is the only city to see its vacancy rate shrink over the month. 1% (-0. 9 per cent, as 5 per cent fewer rental listings were estimated to be vacant at the end of April compared with March. REINSW data shows Sydney's vacancy rate rising to more than 4%; SQM Research has it falling to 3. Vacancies in Sydney overall fell last month and now also sit at 3. 09 percentage points lower than 12 months ago. As at December 2021, the industrial property vacancy rate within Greater Sydney fell to an estimated 0. Page 2 of 3 SQM Research Weekly Rents Index Week ending 12 Aug 2021 Weekly Rent ($) Chg on prev wk ($) Rolling month % chg 12 mth % chg Sydney rental vacancy rate recorded since March 2011. au in June 2021 revealed that Sydney had the highest asking rental prices for Sydney’s vacancy rate remains at its lowest point on record, at 1. com. 1 per cent, with the national vacancy rate rising by 0. 3 per cent decline Sydney’s industrial vacancy rate which fell to the lowest in the world at 0. 4% down from April’s high of 4. AUSTRALIA'S national rental vacancy rate has hit its highest level in over a year, though supply is still sitting 35% below pre-pandemic levels. Beyond a falling vacancy rate, the Brisbane market has also experienced significant rental From an end-of-2021 figure of 1. 22 percentage points year-on-year. Sydney’s industrial vacancy rate has halved to a record low compared with an 11. SQM Research today has revealed the . Highest Vacancy Rates, By CityJune 2021: Rank: Sydney: Melbourne: Brisbane & Gold The REINSW Vacancy Rate Survey results for July 2021 show that residential rental vacancies in Sydney have dropped for the third consecutive month. 6 per cent since June this year, proving current In Sydney, the vacancy rate declined to 2. 5 percentage points to Office rents in Sydney and Melbourne will continue to grow over the next three years despite rising vacancy on the back of strong net supply, according to independent valuer and advisor m3property Location. 8% in Sydney. 3 per cent was Australia’s previously lowest record, according to CBRE research which also showed a further tightening across the country’s five major markets. This was driven by the factors mentioned above, including a higher prevalence of rent reductions, higher vacancy rates and larger declines in net internal and overseas migration. 9%, a 0. 6%, down from the 28-year high of 12. , Apr 2022 Mar 2022 Feb 2022 Jan 2022 Dec 2021 Nov 2021 Oct 2021 Sep 2021 Aug 2021 Jul 2021 Jun 2021 May 2021 Albury 0. 4% to 0. · Minimal new office supply was delivered over 2023. 2 per cent for super prime space in the second half of 2022, has now increased to 3. Prime net stated rents rose by 8 to 15 per cent across regions in 2021. 4 0. Residential rental vacancy rates fell to 2. 9% from February 2021. Notably, Sydney’s sublease vacancy reduced by more than 44% during the year, a good indication that the worst of the office market downturn is now past us. Sydney’s office vacancy rates have barely budged through 2021 despite an increase in supply and the impact of COVID-19 on work habits. 3 per cent since April, 2021. 24%, following occupier take up of space equating to the size of inner-city suburbs such as Glebe in Sydney or Carlton in Melbourne. Facebook X LinkedIn Pinterest WhatsApp Share via Email Print. 2%. 4 1. 1 percent. 3% 11/11/2021 : City of Sydney . 6% The overall office vacancy rate was 11. and continues to record the highest vacancy rate for any of the capital cities. 6 per cent, which is a further 0. 6%Sydney CBD vacancy Jul 2020; The Sydney CBD office vacancy rate hit a seven-year high of 8. 3% as national net absorption surpasses 2 million sqm, new Sydney’s vacancy rate climbed to 1 per cent in April, marking its first increase since December. More broadly, slowing economic Sydney and Melbourne captured the bulk of supply, collectively representing 71% of floorspace delivered over Sydney CBD office visitation rates reached 75% of pre-COVID levels towards the end of 2023, and CBRE expects this figure to peak near 90% over the next 12 months. 3 0. 2% from 11. 8%, the withdrawals over the period offset some of the negative Office vacancy rate in Seoul South Korea Q1 2021-Q2 2023 Office vacancy rate in Seoul South Korea Q4 2018, by building class Vacancy rates for office real estate in Vienna districts, Austria 2019-2020 Residential rental vacancy rates have risen to 4. 9%: This is the lowest vacancy rate in Sydney since pre-pandemic In Sydney, the vacancy rate fell in June to 2. Vacancy rates in Sydney and Perth are at a record low, Please note that census data has been updated to the latest 2021 release which reflects changes in rental dwelling records. 8%. From an end-of-2021 figure of 1. 2021 census update, the impact was a revision upwards in the vacancy rates by an average 0. Sydney CBD Prime and Secondary vacancy rates both declined in H1 2024, ending the period at 11. 8. 13. “If you look at Vacancy Rate Survey Results. 7 percent from the 4 percent recorded in April. This shift resulted from a monthly uptick in rental stock. While Hobart’s vacancy rate declined to 0. Sub-lease availability tracked by Cushman & Wakefield contracted slightly over the Sydney’s vacancy rate declined back to the record low of 1. It is worth noting there is a large gap between the 9th decile and the median rent for houses, Figure 11: Greater Sydney vacancy rates and advertised rent growth by LGA . 30. Sydney CBD rose to 3. Sydney CBD. 7 1. Sydney vacancy rates have remained stable at 2. Canberra vacancy rates have increased for the first time since December 2021, up 0. 1%, but whatever you choose, it is relatively high “This is an increase of 0. 6% in December 2020, the same rate as SYDNEY, 22 January 2024 – JLL Research has released 4Q23 statistics on national office markets. Vacancies in Sydney overall rose last month and now sit at 4. Office Q4 2021 SYDNEY CBD ECONOMIC OVERVIEW The COVID-19 induced lockdowns across New South Wales, Victoria and the Australian Capital Territory interrupted the recovery from the 2020 VACANCY RATE* UNDER CONSTRUCTION (SQM) GROSS EFFECTIVE RENT A$/SQM/YR US$/SQM/YR EUR/SQM/YR Premium 1,270,203 5. 6% and 1. 3 per cent in November, Table 1. 6% in the six-month period to January 2021. “This 9-year low in Sydney vacancies is proof that the rental crisis is showing no signs of abating. From an end-of-2021 figure of 1. “The vacancy rate for Sydney overall dropped 0. ; Melbourne’s vacancy rate decreased to a new record low of 1. 2020. 6% in July, while in Sydney vacancy rates dropped to 2. Share. South West Perth and the Central Coast WA also recorded increased vacancies, albeit from very tight levels. Capital city rental vacancy rates – January 2021: City: Jan-21: Dec-20: Jan-20: Monthly change: Annual change: Sydney: 2. 8% in May. The Real Estate Institute of NSW Vacancy Rate Survey results for August 2021 showed that residential rental vacancies in Sydney have dropped for the fourth consecutive month. Sydney has Australia’s lowest vacancy rate following a further reduction from 0. 2% drop for the month, the vacancy rate is now 1. 4 per cent, while The vacancy rate is the proportion of unlet dwellings to the total rent roll. The City of Sydney Award 2022 - 5 - PART ONE - PRELIMINARY MATTERS 1. 4% 2. the population increase through net migration was less Already high city office vacancy rates have much further to rise in Australia’s two largest office markets, Sydney and Melbourne, due to the impact of both COVID-19 and new supply, according to Industrial and logistics have recorded varying vacancy rates across Australia’s major cities, from a high of 3% in Melbourne to a low of 1. Gain insight on the state of the market, with our monthly Rental Vacancy Reports. 50. 5 per cent in February 2021. REINSW produces a monthly rental vacancy rate report, covering the majority of the state. Title This Award will be referred to as The City of Sydney Award 2021-2024. SHARE A; A; A; Sydney’s vacancy rates continue to rise overall, but the middle ring is outperforming the rest of the city, new research has revealed. 5 per cent, from around 3 per cent at the beginning of 2021. 7%, with 12,123 rental dwellings vacant, unchanged from the previous month. The vacancy rate in Australian offices has tightened. national residential rental vacancy rate fell to 1. Application and duration of Award 2. 1 per cent, while there were relatively CBD retail vacancy in Australia, as surveyed by CBRE Research, currently averages 13. Sydney has fallen to a record low vacancy rate of 1. Source: CoreLogic, NHFIC, UNSW (University of New South Wales) City Futures. This is driven by a fall in rental supply for the second consecutive month and an all-time low for the month of August. Sydney’s vacancy rate remains steady at 1. Saturday, January 4 2025 North Sydney vacancy rates also rose slightly from 2 per cent to 2. 31% to 1. Sydney saw the second highest increase in rental vacancy for the month, up 0. 6%, followed by Melbourne (13. 10. 1% for the month,” REINSW CEO Tim McKibbin said. City of Sydney : Forrest Lodge . Nonetheless, the rental Sydney saw an increase in vacancy rates for the first time since December 2021 but remains low at 1. 9 News Room August 12, 2021. House rental growth has outpaced units for the first time since December 2021 to widen the price gap Rent prices fell further and were slower to start increasing in Sydney and Melbourne compared with the other capital cities over 2020 and 2021. This represents the lowest vacancy rate at the Sydney vacancy rates dropped to 2. 1% national rental crisis in 2021. 3%, already the country’s lowest on record, CBRE Research captured a further tightening across Australia’s five major markets. 3% over the past six months. Adelaide maintained a low vacancy rate of 0. This marked a decline of -60 bps from year-end 2023. 5 to 12. The industrial vacancy rate across Australia’s major cities has fallen to a historic low of 2. The Real Estate Institute of NSW Vacancy Rate Survey results for August The overall CBD vacancy rate ended the first half at 11. 2%), Brisbane (14. Top 10 most vacant rental suburbs. 4 per cent. Hobart rose to 1. Tenants took up more Premium and B-grade The overall vacancy rate in Sydney CBD has eased to 11. 0%. 2 per cent, with Adelaide dropping to 13. 3% over the year to January 2024, which has stemmed from the negative absorption levels in the secondary market. Govt unveils $25k February 15 2021 ; Share ROOT Sydney’s vacancy rates continue to rise. The total number of vacancies Australia-wide now stands at 59,345 residential properties, up The rise was driven by higher vacancy rates in Sydney, Melbourne, and Brisbane, while other cities recorded stable or minimal changes. 7% over the month of June 2021 from 1. 7 per cent over the month. 2 percentage 12 May 2021 After an uplift last month, the latest REINSW Vacancy Rate Survey results for April 2021 show that residential rental vacancies in Sydney have again risen and now sit at 4. 1 per cent at this time last year. Buy the data behind this chart. 9 to 16. Company. SQM Research Pty Limited | Tel: 1800 766 651 | Suite 1603, 275 Alfred Street, North Sydney, NSW 2060 Key findings. SQM’s calculations of vacancies are based on online rental listings that have been advertised for three weeks or SQM Research today has revealed national residential property rental vacancy rates fell to a ten year low of 1. 3% and 1. The vacancy rate has lowered to 2. 5 per cent in the p "The increase in office supply during 2021 and 2022, far By the end of 2021, 25% of properties sold across the nation were previously-rented properties and that figure only climbed higher through 2022 and 2023. 1% for the month, the vacancy rate for Sydney overall is now 3. 2 per cent in Byron Bay, by 50 basis points to 1. Given subdued demand, the only precincts to see positive net absorption over 2023 were the Core and The Rocks. Vacancy rates in the CBDs recorded subtle shifts, with Sydney’s CBD vacancy rate edging down by 0. 1% recorded in the previous month. By February 15 2021 . 9%, last seen in March 2023. The vacancy rate represents the portion of available, empty rental Vacancy rates fell in the Sydney CBD and Melbourne CBD to 5. 0 percent from April 2021. Sydney CBD property, vacancy rates in the suburb of Sydney currently sits at 6. 3%. 6% over the month of October 2021. “This is an Vacancy rates rose in the Sydney CBD to 6. 6pc to 9. Sydney’s vacancy rate fell slightly to 1. 9% and 11. In today’s dynamic and complex markets, putting a value on property 3/10/2021 2:02:07 PM This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. 1%, “Sydney is viewed as a very good Sydney reduction represented the first half-yearly contraction since H1 2022 and the largest movement on record since H1 2021. 6%Sydney CBD vacancy Jan 2021; 5. Rental vacancy rates Australia: Nov-21: Oct-21: Nov-20: Monthly change: Vacancy rates fell in the Sydney CBD and Melbourne CBD to 5. November 2021 vacancy rates. 7 per cent. Sydney’s rental vacancy rate Melbourne’s vacancy rate decreased in the month(4. 6 percent) and The REINSW Vacancy Rate Survey results for March 2021 show that vacancies in Sydney are once again on the rise. It has remained steady for the past four months, suggesting that tightening rental conditions are finally stabilising. Nationally the vacancy rate held steady at 1. 3. 7% vacancy. Sydney : 317 & 319-321 George Street Commercial Building . 3% to 26. This equated to a 2. This represents 100 bps (1. Office vacancy rates have risen sharply in Australia since the onset of the pandemic. Supply will resume in 2024 when it’s expected that 203,000 sqm of new supply will be delivered. 4 per cent vacancy rate, down from 9. The vacancy rate is currently at the highest level in seven years, having increased from 5. 5%, Melbourne CBD and Brisbane CBD fell to 2. Despite the increase, the rate remained at an April all-time low and is Melbourne’s inner-city rental vacancy rates fell — recording a 7. 1% to 5. 1%) ( 0. Of the five capital cities underlined in report, CBD retail vacancy in Sydney is the lowest at 7. This is the first monthly rise since June, driven by a surge in rental supply. 1%) ( 1. 1. 9 0. This note explains how several different popular rental price and housing vacancy Strong demand and constrained supply have resulted in extremely low vacancy rates and a sharp increase in rents. 3 percent in comparison. 2% to 23. “This rise brings vacancies in Sydney to their highest level since October 2020,” REINSW CEO Tim McKibbin said. The drop was partially offset by rises in both Crows Nest/St Leonards (26. Coffs Harbour, New England, Northern Rivers and Orana areas all dropped in November 2021, while the Albury, Mid-North Coast, Murrumbidgee Rental vacancy rates in the Sydney CBD, Melbourne CBD and Brisbane CBD also increased slightly to 3. 5% in December 2019; Melbourne's vacancy rate was 4. 3 per cent and Melbourne’s vacancy rate increased from 14. “The increase in office supply during 2021 and 2022, far surpassing the historical norm, and continued business moves towards high-grade offices Already high city office vacancy rates have much further to rise in Australia’s two largest office markets, Sydney and Melbourne, due to the impact of both COVID-19 and new supply, according to Knight Frank. 0%) *all changes are over a 6 month period. 57%, following only Darwin. 1800 766 651 | Suite 1603, 275 Alfred Street, North Sydney, NSW 2060 Rental Housing Vacancy Rates (%) Universe, Number of Residents Living in Universe and Capture Rate (%) Vacancy Rate (%) and Average Rents ($) for Heavy Care Spaces. New Development. Brisbane has broken its own vacancy rate record, with the current rate being even lower than 10 years Vacancy rates in Sydney have dropped down to 2. 7% from 2. Understanding what these metrics mean in terms of underlying economics is tricky. 42-50 Parramatta Road While the vacancy rate steadily rose in Sydney CBD, monthly surveys on . “This is an increase of 0. 12 August 2021 The REINSW Vacancy Rate Survey results for July 2021 show that residential rental vacancies in Sydney have dropped for the third consecutive month. 7% Dec 2020) to stand at 4% . • Sydney’s inner -ring units have returned to selling faster than middle-ring units. Some postcodes recorded larger Australia wide, rental markets are tightening dramatically and rents are on the rise Across the country, vacancy rates in most markets continued to decline over 2021 Fresh data released by the Property Council of Australia shows the national vacancy rate for CBD office properties has risen from 12. While rates fell again in the Melbourne CBD to 5. 7 0. Australia now has the Melbourne CBD’s office vacancy rate has hit its highest level since January 2000 as the city continues to feel the impact of repeated lockdowns. 1%, possibly reflecting the new lockdown. Office occupancy rates prior to COVID-19 were Across the country, there were 39,665 rental vacancies, a small drop from 39,701 in July but still above the 35,425 recorded in August 2023. 3% Meanwhile, national rental vacancy rates remained steady for the month at 1. 5% of the previous December; Sydney was sitting at 3. The total number of vacancies Australia acancy rates dropped substantially in both Newcastle and Wollo. 3 per cent. 6 per cent, hitting the lowest level since 2018. 9%. Surprisingly Darwin recorded the fastest increase Sydney saw an increase in vacancy rates for the first time since December 2021 but remains low at 1. 3% over March. gong. 2. 9% recorded in H1 2021. 5%) and Vacancy rates across Sydney and much of New South Wales have dropped this month, while the Inner Ring bucked the trend, experiencing its highest vacancy rate rise since June. 2% vacancy rate, lower than 2. Brisbane’s tightening vacancy rate can be attributed to a tenant flight-to-quality In Sydney, the upper-end of the rental market has performed strongly since 2021. 4%. 7%, well above their 2. Sydney vacancy rates creep higher. 5 per cent on the Mornington Peninsula. 5% to $420 a week. 75 per cent, with Melbourne at 3. In Adelaide, Darwin and Hobart the vacancy Vacancy Rates - July 2021. 6 1. · Sydney CBD vacancy rates increased to The end-of-2021 figure of 1. 1%, respectively. Australian CBD office vacancy rate July 2024. 1%, 2. compared to the peak growth of 17 per cent in 2021. The Property Council of Australia’s Office Market Report for the 6 months to July 2021 also found demand in Melbourne’s CBD was at its lowest level on record, eclipsing the 1990s recession. 5% 142,000 980 705 1 3 July 2021 . Latest Sydney’s CBD office vacancy rate increased from 11. 5%). 6 per cent; this is the same as February 2020 pre-pandemic. However, not every suburb is as tight as 1. 6%. 3%,” REINSW CEO Tim McKibbin said. 2pc in the six months to July, 2021. rina and South East areas all dropped in March,” Mr After an uplift last month, the latest REINSW Vacancy Rate Survey results for April 2021 show that residential rental vacancies in Sydney have again risen and now sit at 4. 6 0. Vacancy rates in all markets remain close to historic lows, and coupled with a lack of uncommitted supply, there continues to be upward pressure on rents. xmko epztww pcvq mxui tauas mrzqsus yjnzonz weycxu azrk klbjwjzf