Property investors receive encouraging news

1 min read

Property investors receive encouraging news

Rental vacancies fell between April and May, despite fears cash-strapped tenants would abandon rental properties due to COVID.

Across Australia, the vacancy rate decreased from 2.6% in April to 2.5% in May, according to SQM Research.

Looking at the different capitals, vacancy rates fell in Brisbane, Perth, Darwin and Hobart, were flat in Adelaide, and rose in Sydney, Melbourne and Canberra.

One cause for concern, though, is CBD vacancy rates, which are very high.

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