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Vacancy rates remain low in the ACT

By Ben Faulks

Investors will need to weigh up when the right time is to buy rental property in Dunlop, and the latest figures could be just the incentive you've been looking for. SQM Research revealed that across the nation's capitals, the vacancy rate stood at 2.4 per cent last month. This marked a slight rise from the 2.3 per cent recorded in April.

However, Canberra's market emerged as one of the tightest at the moment, which may be indicative of what's going on elsewhere in the Australian Capital Territory. In May, just 1.9 per cent of rental properties were without tenants – a figure that remained unchanged from April levels.

Over the course of the past year, the national capital's vacancy rate has fallen quite notably from 2.3 per cent.

SQM Research also revealed how many properties are available for sale in the city. Between May 2014 and 2015, Canberra's listings fell 4.3 per cent, but were up 8.2 per cent month-on-month. This placed the market among the most stable in the country, as other capitals experienced large fluctuations in listings.

In Melbourne, for example, listings were down 16 per cent compared to the previous year, while Sydney was close behind with a 14.5 per cent decline. At the other end of the scale were Darwin and Perth, where rises of 36.2 per cent and 15.6 per cent respectively were registered.

If you are thinking of investing in rental property in Dunlop in the near future, be sure to speak to the experts at Ray White Belconnen. We have years of experience in the ACT property market and all the professional knowledge you need to make an educated decision.

Find out more about the services we offer and get in touch to discuss your next real estate investment.

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