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Residential vacancies keeps on an even keel

By Kevin Kelly

Residential vacancy rates have remained relatively consistent over the past few weeks, figures from SQM Research have revealed. The group noted that 2.3 per cent of properties across the country were without residents in November, unchanged from the previous month.

Managing director of SQM Research Louis Christopher has reflected on the market's performance over the past year.

"We note that 2015 overall has recorded another year of modestly rising vacancies. It suggests the supply side has been running a touch ahead of underlying demand at the national level," he commented.

Investors may have further incentive to buy real estate in Eaton, especially as Perth's vacancy rate was the highest in the country. The statistics show 3.9 per cent of homes were unoccupied in November.

SQM Research has also taken a closer look at residential property listings throughout the nation. The surge recorded in October started to recede in November, with a total of 362,560 homes for sale over the course of the month.

This marked a fall of 0.4 per cent from October levels, when a total of 363,653 properties were on the market.

Mr Christopher suggested this trend was a little out of the ordinary, especially as November tends to mark the beginning of the spring selling season. Whether the market enters a correctional phase in 2016 is still yet to be seen.

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Get in touch to discuss the various options available and how we can assist in making your property investment dreams a reality in 2016.

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