Vacancy rates increased to 1.4% in November with a marginal change to asking rents. Sales asking prices also experienced marginal movement, with an increase in overall, old and distressed listings, contrasted by a seasonal decrease in new listings.

Navigating Australia’s property market is becoming increasingly complex. With record-low rental vacancies in cities like Perth and Adelaide and seasonal shifts impacting markets such as Darwin, the landscape is ever-changing. As we approach the end of 2024, this update dives into key trends shaping the rental and property markets and what they mean.

Vacancy rates decreased to 1.2% in September with marginal change to asking rents. Sales asking prices also experienced marginal movement, with an increase in total property listings, including distressed listings.

In August vacancy rates held steady nationally at 1.3% with a marginal decrease in the number of rental vacancies with an additional 36 properties available in August than in July. Compared to this time last year, vacancy rates increased by 0.1%.

In August 2024, national vacancy rates held steady at 1.3% and rental prices saw a notable decline in most areas.

Over the past 30 days to 6 August 2024, national weekly asking prices increased by 0.4% for houses and decreased by 0.7% for units.

Vacancy rates ease in most regions, while capital city rental prices decline for the first time since April 2020.

Vacancy rates marginally increase in April, following seasonal patterns and rental prices experience softening in May.

Over the past 30 days to 4 May 2024, national weekly asking prices rose by 0.4% for both houses and units.

The housing shortage crisis continues to cause concern with vacancy rates decreasing to 1.0% in February and rental prices continuing to rise in many cities.

Vacancy rates decreased sharply in January to 1.1%, rental asking prices continued to rise and February saw a surge in new listing activity.

Residential vacancy rates rose slightly in December, with seasonal patterns affecting most areas; rental values increased overall despite more properties entering the market, and property listings dropped in January with a strong start to the auction season expected to boost February’s housing activity.

The national residential rental vacancy rate experienced a seasonal stabilisation in November with a marginal increase to 1.1%, while asking prices continue to increase for both houses and units nationwide.

National residential rental vacancy rates continue to fall, with October experiencing a 1.0% vacancy, tightening the rental crisis across most capital cities and regional areas. Over the past 30 days, national rental values increased by a combined 1.6%, while combined capital city and national sales asking prices remained steady.

As a property investor in Australia, your primary goal is often to maximise the rental returns on your investments. Achieving this doesn't just involve setting the highest possible rent; it's a nuanced approach that balances market trends, property presentation, and tenant satisfaction. Here are some strategies to help you boost your rental income effectively.

National rental vacancy rates fell for a second consecutive month to 1.1% in September and weekly asking prices rose by 2.6% for houses and decreased -1.7% for units. New listings increased by 2.7% nationally and national asking prices increased by 1.3% for houses and 0.7% for units.

As summer approaches in Sydney, it's time for landlords to get their investment properties ready for the warmer months. With temperatures rising and tenants looking to stay comfortable, a well-prepared property can make all the difference. Here are some essential tips to ensure your rental property is summer-ready.

“Luai’s purchase was advised by boutique estate agent Thomas Tamine, who every now and then works in a buyer’s agency role for NRL players. Mr Tamine recently helped Rabbitohs player Cody Walker buy in Sans Souci. It prompted a grateful Luai to label Mr Tamine “the goat” (greatest of all time).” As seen in:

— The Daily Telegraph

— News.com.au

— Daily Mail

National rental vacancy rates fell to 1.2% in August, putting more pressure on the rental housing market in Australia. A significant increase in listings for sale in September, alongside an increase in asking prices marks the strongest September recorded since 2018.