Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Sqm Research

<html><body>
National residential property listings decreased by four per cent in September, according to SQM Research.
They dropped from 325,693 to 312,754 over the month, a surprise given listings generally pick up over spring.
Compared to 12 months ago, listings were down nearly seven per cent.
Louis Christopher, Managing Director of SQM Research said September’s decline in listings was an abnormal result.
"Listings normally rise for the first month of the spring selling season," Christopher noted.
"New listings did rise. It's just that older listings recorded a large decline. It suggests stock is being absorbed at a quicker rate.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/2/Stock%20on%20market%20SQM.jpg" alt=""> Source: SQM Research
"Turning to Sydney, the evidence, by way of the fall in listings, the rise in auction clearance rates and the accelerated rise in asking prices, all suggest that the city has indeed entered into a new housing boom. 
"Melbourne is not that far behind the mark as well. I think we can expect to record rapid rises in dwelling prices for our two largest cities at least in the December quarter and likely beyond.”  
The lack of listings was felt the most in Hobart, a decrease of 6.4 per cent over September.
Melbourne and Perth both saw listings dwindle by 5.8 per cent over the month, with New South Wales at a 5.7 per cent decrease.
The lowest decrease was Canberra. Their listings declined 1.1 per cent.
Sydney's listings declined the most year on year, down 20 per cent. Perth and Darwin recorded a nine per cent yearly decrease. 
 
  
</body></html>

jrobinson-rf4aSBido9

Property listings record abnormal decrease over September: SQM

<html><body>
The national residential rental vacancy rate increased in June to 2.3%, an increase from 2.2% in May, according to data from SQM Research.
The total number of vacancies Australia-wide is now at 78,690, an increase of 3,597 over the month and up 2,933 dwellings over the past 12 months. 
The rise was driven by Sydney, where vacancy rates have risen to 3.5%, the highest they have been since 2005. There are now nearly 25,000 vacant dwellings in the capital.
Melbourne also recorded a 0.2% increase over the month, taking their rental vacancy to 2%.
Darwin was the only capital city to record a decrease of 0.2% to 3.1% in vacancy rates. The only other capital with a vacancy rate over 3% is Perth (3.2%).
Hobart’s vacancy rate remains steady at 0.5% and continues to record the lowest in the country with just 161 vacancies.
<table style="width: 99%;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" width="12%">
City
</td>
<td width="13%">
June 2018 Vacancies
</td>
<td width="15%">
June 2018 Vacancy Rate
</td>
<td width="14%">
May 2019 Vacancies
</td>
<td width="14%">
May 2019 Vacancy Rate
</td>
<td width="14%">
June 2019 Vacancies
</td>
<td width="14%">
June 2019 Vacancy Rate
</td>
</tr>
<tr>
<td nowrap width="12%">
Sydney
</td>
<td nowrap width="13%">
19,572 
</td>
<td nowrap width="15%">
2.8%
</td>
<td nowrap width="14%">
23,796 
</td>
<td nowrap width="14%">
3.3%
</td>
<td nowrap width="14%">
24,931 
</td>
<td nowrap width="14%">
3.5%
</td>
</tr>
<tr>
<td nowrap width="12%">
Melbourne
</td>
<td nowrap width="13%">
9,035 
</td>
<td nowrap width="15%">
1.6%
</td>
<td nowrap width="14%">
10,349 
</td>
<td nowrap width="14%">
1.8%
</td>
<td nowrap width="14%">
11,720 
</td>
<td nowrap width="14%">
2.0%
</td>
</tr>
<tr>
<td nowrap width="12%">
Brisbane
</td>
<td nowrap width="13%">
9,886 
</td>
<td nowrap width="15%">
3.0%
</td>
<td nowrap width="14%">
8,133 
</td>
<td nowrap width="14%">
2.4%
</td>
<td nowrap width="14%">
8,526 
</td>
<td nowrap width="14%">
2.5%
</td>
</tr>
<tr>
<td nowrap width="12%">
Perth
</td>
<td nowrap width="13%">
8,426 
</td>
<td nowrap width="15%">
4.1%
</td>
<td nowrap width="14%">
6,457 
</td>
<td nowrap width="14%">
3.1%
</td>
<td nowrap width="14%">
6,732 
</td>
<td nowrap width="14%">
3.2%
</td>
</tr>
<tr>
<td nowrap width="12%">
Adelaide
</td>
<td nowrap width="13%">
2,726 
</td>
<td nowrap width="15%">
1.5%
</td>
<td nowrap width="14%">
2,126 
</td>
<td nowrap width="14%">
1.1%
</td>
<td nowrap width="14%">
2,310 
</td>
<td nowrap width="14%">
1.2%
</td>
</tr>
<tr>
<td nowrap width="12%">
Canberra
</td>
<td nowrap width="13%">
565 
</td>
<td nowrap width="15%">
0.9%
</td>
<td nowrap width="14%">
785 
</td>
<td nowrap width="14%">
1.2%
</td>
<td nowrap width="14%">
847 
</td>
<td nowrap width="14%">
1.3%
</td>
</tr>
<tr>
<td nowrap width="12%">
Darwin
</td>
<td nowrap width="13%">
1,062 
</td>
<td nowrap width="15%">
3.5%
</td>
<td nowrap width="14%">
1,038 
</td>
<td nowrap width="14%">
3.3%
</td>
<td nowrap width="14%">
965 
</td>
<td nowrap width="14%">
3.1%
</td>
</tr>
<tr>
<td nowrap width="12%">
Hobart
</td>
<td nowrap width="13%">
221 
</td>
<td nowrap width="15%">
0.7%
</td>
<td nowrap width="14%">
143 
</td>
<td nowrap width="14%">
0.5%
</td>
<td nowrap width="14%">
161 
</td>
<td nowrap width="14%">
0.5%
</td>
</tr>
<tr>
<td nowrap width="12%">
National
</td>
<td nowrap width="13%">
75,757 
</td>
<td nowrap width="15%">
2.3%
</td>
<td nowrap width="14%">
75,093 
</td>
<td nowrap width="14%">
2.2%
</td>
<td nowrap width="14%">
78,690 
</td>
<td nowrap width="14%">
2.3%
</td>
</tr>
</tbody></table>
Source: SQM Research 
Managing Director of SQM Research, Louis Christopher said, “The increase in rental vacancies in June tends to be a seasonal rise for the start of winter however Sydney’s increases goes beyond seasonal factors and so our expectation remains that Sydney will reach a 4% vacancy rate before 2019 is completed.”
“Melbourne is also likely to record more rises in rental vacancies as newly completed dwellings purchased as ‘off-the-plan’ in the last boom, enter the rental market now.” 
“In spite of the rise in vacancies this month, Brisbane, Adelaide and Hobart’s rental market is in favour for landlords as in these cities have also recorded moderate increases in asking rents for the month and continue to record muted dwelling completions.” 
Asking Rents
Capital city asking rents declined 0.4% for houses but remained steady for units for the week ending 12 July 2019 to record asking rents of $551 per week for houses and $441 per week for units.  
In comparison, over the 12 months, asking rents for houses increased 0.4% but declined 0.7% for units.
Sydney and Melbourne’s asking rents for houses and units both declined in July. Sydney rents dropped 0.5% for houses and 0.2% for units to 12 July and Melbourne’s drop was 0.9% for houses and 0.2% for units.  
Brisbane, Adelaide and Hobart were the only states to experience increases in weekly rents for both houses and units.
Adelaide’s house rents increased 1.1% and units by 0.4%, Brisbane’s house rents increased by 1.0% units increased by 0.7%.
Hobart’s house rents increased 3.6% and units increased by 4.9% (the highest among all states)
<div align="center">
<table style="width: 426px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="6" valign="top" width="426">
SQM Research Weekly Rents Index
</td>
</tr>
<tr>
<td colspan="2" width="169">
Week ending:  12 July 2019
</td>
<td width="49">
Rent
</td>
<td width="67">
Change on prev week
</td>
<td width="83">
Rolling month % change
</td>
<td width="59">
12 month % change
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=nsw-Sydney&amp;type=c&amp;t=1" target="_blank">Sydney</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
685.9
</td>
<td valign="top" nowrap width="67">
2.1  
</td>
<td valign="top" nowrap width="83">
-0.5%  
</td>
<td valign="top" nowrap width="59">
-3.3%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
501.7
</td>
<td valign="top" nowrap width="67">
-0.7  
</td>
<td valign="top" nowrap width="83">
-0.2%  
</td>
<td valign="top" nowrap width="59">
-3.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=vic-Melbourne&amp;type=c&amp;t=1" target="_blank">Melbourne</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
534.9
</td>
<td valign="top" nowrap width="67">
-0.9  
</td>
<td valign="top" nowrap width="83">
-0.9%  
</td>
<td valign="top" nowrap width="59">
2.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
423.2
</td>
<td valign="top" nowrap width="67">
0.8  
</td>
<td valign="top" nowrap width="83">
-0.2%  
</td>
<td valign="top" nowrap width="59">
2.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=qld-Brisbane&amp;type=c&amp;t=1" target="_blank">Brisbane</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
464.5
</td>
<td valign="top" nowrap width="67">
1.5  
</td>
<td valign="top" nowrap width="83">
1.0%  
</td>
<td valign="top" nowrap width="59">
2.8%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
374.6
</td>
<td valign="top" nowrap width="67">
0.4  
</td>
<td valign="top" nowrap width="83">
0.7%  
</td>
<td valign="top" nowrap width="59">
1.1%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=wa-Perth&amp;type=c&amp;t=1" target="_blank">Perth</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
435.7
</td>
<td valign="top" nowrap width="67">
-3.7  
</td>
<td valign="top" nowrap width="83">
-2.9%  
</td>
<td valign="top" nowrap width="59">
2.6%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
339.3
</td>
<td valign="top" nowrap width="67">
1.7  
</td>
<td valign="top" nowrap width="83">
0.9%  
</td>
<td valign="top" nowrap width="59">
4.1%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=sa-Adelaide&amp;type=c&amp;t=1" target="_blank">Adelaide</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
399.9
</td>
<td valign="top" nowrap width="67">
0.1  
</td>
<td valign="top" nowrap width="83">
1.1%  
</td>
<td valign="top" nowrap width="59">
4.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
309.7
</td>
<td valign="top" nowrap width="67">
0.3  
</td>
<td valign="top" nowrap width="83">
0.4%  
</td>
<td valign="top" nowrap width="59">
3.4%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=act-Canberra&amp;type=c&amp;t=1" target="_blank">Canberra</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
624.0
</td>
<td valign="top" nowrap width="67">
-2.0  
</td>
<td valign="top" nowrap width="83">
0.9%  
</td>
<td valign="top" nowrap width="59">
-1.1%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
461.5
</td>
<td valign="top" nowrap width="67">
0.5  
</td>
<td valign="top" nowrap width="83">
-0.2%  
</td>
<td valign="top" nowrap width="59">
5.0%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=nt-Darwin&amp;type=c&amp;t=1" target="_blank">Darwin</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
527.8
</td>
<td valign="top" nowrap width="67">
-0.8  
</td>
<td valign="top" nowrap width="83">
3.0%  
</td>
<td valign="top" nowrap width="59">
-2.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
369.3
</td>
<td valign="top" nowrap width="67">
1.7  
</td>
<td valign="top" nowrap width="83">
-0.4%  
</td>
<td valign="top" nowrap width="59">
-8.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?region=tas-Hobart&amp;type=c&amp;t=1" target="_blank">Hobart</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
450.6
</td>
<td valign="top" nowrap width="67">
9.4  
</td>
<td valign="top" nowrap width="83">
3.6%  
</td>
<td valign="top" nowrap width="59">
13.0%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
407.8
</td>
<td valign="top" nowrap width="67">
4.2  
</td>
<td valign="top" nowrap width="83">
4.9%  
</td>
<td valign="top" nowrap width="59">
17.4%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?national=1&amp;t=1" target="_blank">National</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
442.0
</td>
<td valign="top" nowrap width="67">
1.0  
</td>
<td valign="top" nowrap width="83">
0.2%  
</td>
<td valign="top" nowrap width="59">
2.3%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
368.0
</td>
<td valign="top" nowrap width="67">
2.0  
</td>
<td valign="top" nowrap width="83">
-0.5%  
</td>
<td valign="top" nowrap width="59">
3.7%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top" width="98">
<a href="https://sqmresearch.com.au/graph_median_rent_weeks.php?avg=1&amp;t=1" target="_blank">Cap City Average</a>
</td>
<td valign="top" nowrap width="70">
All Houses
</td>
<td valign="top" nowrap width="49">
551.0
</td>
<td valign="top" nowrap width="67">
2.0  
</td>
<td valign="top" nowrap width="83">
-0.4%  
</td>
<td valign="top" nowrap width="59">
0.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="70">
All Units
</td>
<td valign="top" nowrap width="49">
441.0
</td>
<td valign="top" nowrap width="67">
 0.0  
</td>
<td valign="top" nowrap width="83">
0.0%
</td>
<td valign="top" nowrap width="59">
-0.7%  
</td>
</tr>
</tbody></table>
</div>
Source:<a href="http://www.sqmresearch.com.au/" target="_blank">www.sqmresearch.com.au</a>
Key Points
<ul>
<li>National residential vacancy rates increased in June 2019 to 2.3%, an increase from 2.2% in May</li>
<li>Sydney has recorded the highest of all capital cities at 3.5% vacancy rate, and a decrease in weekly rents of 0.5% for houses and 0.2% for units.</li>
<li>Hobart’s vacancy rate remains steady at 0.5% and continues to record the lowest vacancy rate in the country.</li>
<li>Capital city asking rents declined 0.4% for houses but remained steady for units for the week ending 12 July 2019 to record asking rents of $551 per week for houses and $441 per week for units.  </li>
</ul>
</body></html>

j.ballantyne1990-6AQqhLzZaK

National vacancy rates increase marginally in June: SQM Research

<html><body>
Figures released by SQM Research reveal national residential property listings declined by 5.8% in June 2019 to 325,404 from 345,516 in May 2019. Year-on-year listings were also down by 1.8%.
All states experienced a decline in property sales listings over the month, with Melbourne and Sydney experiencing the highest decline at 10.8% and 10.7% respectively.
Hobart was not far behind with a 9.4% decline, followed by Canberra with a 9.0% decline. Darwin recorded the lowest decline at 1.3%. 
Year-on-year Sydney’s listings declined by 9.8%. Canberra’s year-on-year listings increased by 12.5%, the highest percentage increase in the nation, followed by Melbourne with an increase of 5.7% and Hobart with a 4.8% increase.
<a href="https://www.propertyobserver.com.au/images/2019/7/2/property%20listing%201.png" target="_blank">Click here</a> to enlarge:
 <img src="https://www.urban.com.au/images/2019/7/2/property%20listing%201.png" alt="">
Source: SQM Research
Christopher noted it was not unusual for listings to decrease in June, the start of the colder winter months.
"Also, with falling house prices in recent months, most vendors have preferred to wait and watch," he said. 
"The modest rise in asking prices in most cities could be a result of reduced stock levels and also increasing buyer confidence due to multiple factors including the Coalition victory, the RBA cash rate cut in June and the relaxation of mortgage lending rules by APRA."
With further RBA rate cuts expected, we could see increases in property listings in coming months, he suggested.
"Massive monthly falls in recorded listings usually spells higher absorption rates and vendors withdrawing for higher future prices," he added.
Asking Prices
Capital City asking prices increased marginally by 0.4% for houses and 0.8% for units, over the month to 2 July 2019. Unit asking prices are now $563,600 and houses $908,900. Compared to a year ago, the capital city asking prices posted declines of 5.4% for houses and 3.1% for units.
Darwin was the only capital city to record decreases over the month in both houses and units, at 1.5% and 0.2% respectively.
Sydney’s property prices appear to have made a modest turn around and have now posted increases of 1.0% for houses and 1.3% for units over the month, after two years of cooling prices. Sydney’s 12 month decline is 8.1% for houses and 4.8% for units. A house in Sydney is now priced at $1,236,200 and a unit is $692,900. 
Perth, Adelaide and Hobart’s house and unit prices have also increased marginally over the month.
Melbourne’s house prices have increased by 0.3% over the month, however unit prices show a minor decline of 0.3%.
<a href="https://www.propertyobserver.com.au/images/2019/7/2/sqm.png" target="_blank">Click here </a>to enlarge: 
<img src="https://www.urban.com.au/images/2019/7/2/sqm.png" alt="">
</body></html>

Property listings declined in June 2019: SQM Research

<html><body>
Data released by SQM Research has revealed the national residential rental vacancy rate declined marginally in May 2019 to 2.2%, a decrease from 2.3% in April. 
The total number of vacancies Australia-wide is now at 75,093 properties for rent, a decrease of 2,571 over the month but up 5,941 dwellings over the past 12 months.
Most states recorded minor declines ranging from 0.1% to 0.3%.
Darwin and Sydney have the highest vacancy rates in the country, both at 3.3%. 
A 3.0% vacancy rate is what would normally be considered a balanced market.  Darwin declined by 0.3% and Sydney’s decline was 0.1%. 
Perth’s vacancy rate is not far behind at 3.1%, having dropped 0.1%.
Hobart’s vacancy rate decreased from 0.6% to 0.5% in May and continues to record the lowest vacancy rate in the country.
<a href="https://www.propertyobserver.com.au/images/2019/6/19/sqm%201.png" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/6/19/sqm%201.png" alt="">
Source: SQM research The month of May recorded a marginal change in rental vacancies, overall. However the standouts for me were the falls in vacancy rates for Brisbane and Perth.
The rental market is decidedly turning in favour for landlords in these two cities. Both cities also recorded fairly strong increases in asking rents for the month.
Indeed, Perth is now recording a 6% rise in asking rents for houses over the past 12 months. 
With no expected material increase in new dwellings, the rental market will continue to tighten from here for the two cities.
Asking Rents
Capital city asking rents decreased by 0.2% for both units and for houses for the week ending 12 June 2019 to record asking rents of $553 per week for houses and $441 per week for units. 
In comparison, over the 12 months, asking rents for houses increased 0.4% but declined 0.7% for units.
Sydney’s asking rent for units and houses have both continued to decline marginally by 0.1% for houses and 0.5% for units to 12 June. 
Over 12 months, the decline has been 3.6% for house rents and 3.8% for units.
Adelaide, Darwin and Hobart were the only states to experience increases in weekly rents for both houses and units.
Adelaide’s house rents increased 1.0% and units by 1.8%, Darwin’s house rents increased by 3.0% (the highest among all states) and units increased by 0.1%. 
Hobart’s house rents increased 1.9% and units increased by 3.7% (the highest among all states).
<a href="https://www.propertyobserver.com.au/images/2019/6/19/sqm%202.png" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/6/19/sqm%202.png" alt=""> 
</body></html>

National vacancy rate declined in May: SQM research

<html><body>
EXPERT OBSERVATION
SQM Research calculate national residential listings increased by 4.0% in May 2019 to 345,516 from 332,236 in April 2019.
A year-on-year comparison shows listings up by 6.2%.
All states experienced an increase in property sales listings over the month, with Hobart experiencing the highest increase at 7.1%, followed by Adelaide at 6.4% and Canberra 5.6%.  
Perth recorded the lowest increase at 3.9% with Darwin not far behind at 4.0%.
Darwin was the only state to record a year-on-year decline of 1.5%.
The modest monthly increases does not compare to the huge year-on-year increases of 25.0% in Canberra, 21.1% in Melbourne and 15.5% in Hobart.
Year-on-year Sydney managed a 0.7% increase in listings whilst Perth increased from 1.9% to 3.9%.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/sqm%201.png" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/6/4/sqm%201.png" alt="">
Source: SQM Research
We were expecting a rise in listings for the month of May given the low numbers recorded in April which was affected by the Federal Election.
May’s counts suggest listings remained elevated for most capital cities, suggesting the month remained largely a buyers’ market.
This view is confirmed by the simultaneous fall in asking prices over the same month.
Asking Prices
Capital City house asking prices decreased marginally by 0.6% and 0.2% for units, for the month to 28 May 2019. 
Unit asking prices are now $558,700 and houses $903,700. Compared to a year ago, the capital city asking prices posted larger declines of 7.4% for houses and 3.7% for units.
Adelaide was the only capital city to record increases over the month in both houses and units at 0.2% and 0.4%respectively.
Sydney continues its decline in house prices with a 0.8% decrease and 0.5% for units over the month.
A house in Sydney is now $1,219,700 and a unit is $683,000. Sydney’s 12 month decline is now 10.5% for houses and 6.0% for units.
Melbourne’s house and unit prices also continued to decline over the month at 0.5% and 0.6% respectively.
Darwin, Hobart and Brisbane’s house prices increased marginally over the month at 1.3%, 0.4% and 0.2% respectively.
However, unit prices declined in Darwin by 1.5%, by 1.0% in Hobart and 0.2% in Brisbane over the month.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/sqm%202.png" target="_blank">Click here</a> to enlarge:
<img src="https://www.urban.com.au/images/2019/6/4/sqm%202.png" alt="">
Louis Christopher is the <a href="http://sqmresearch.com.au/about-us.php" target="_blank">managing director at SQM Research.</a>
</body></html>

louischristopher-TWpYcZDLBK

National property listings increased in May: SQM's Louis Christopher

<html><body>
SQM's Louis Christopher thinks that dwelling price rises may materialise from the second half of the year as demand increases as a result of an expected improvement in confidence.
He added so far this year the national market this year has fallen by another 3.8 percent. 
"Our base case forecast, released in our 2019 Housing Boom and Bust Report back in November 2018, was for a total 2019 dwelling price fall of between 3 percent to 6 percent.
"It would be fair to say that up until this past weekend the market was heading towards the bottom end of that forecast." Christopher noted his 2018/19 Housing Boom and Bust report had a scenario 4 which followed a Liberal victory with interest rate cuts late in 2019. 
He anticipates the national housing market could record a price fall for this calendar year of between 1 percent to 4 percent.
"We believe the Liberal victory means increasing buyer confidence in the market which was severely lacking as a result of the anticipation of the change in negative gearing and capital gains tax by a Labor Government."
But Christopher considers an upside on his scenario 4 forecast which did not take into account additional loosening on credit lending with <a id="LPlnk285314" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=5823b4fe77&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">APRA</a> set to drop the 7 percent theoretical interest rate for banks to use when calculating serviceability by borrowers. 
"This move should mean that more loan applicants will qualify for a loan and/or their borrowing limits will increase." Following the May statement by the Reserve Bank, Christopher noted it appears a cut in the cash rate next month is almost a certainty. "Scenario 4 does not take into account an earlier than expected rate cut.  "If there was such a cut over the course of June, July and/or August, it is likely the market would respond and demand for residential property would increase over and above our scenario 4 forecast. "Needless to say a combination of loosening credit restrictions plus a cut in interest rates, increases the risk of another housing boom which I am sure that is not what the ‘powers that be’ would want, but they may well yet get."   Christopher noted the Australian housing market still contains headwinds which include:
<ul>
<li>The Sydney and Melbourne markets are still in overvaluation despite the price corrections that have occurred since mid-2017.</li>
<li>Ongoing restrictions on home lending in the form of a more conservative HEM and reduced purchasing power multiples on reported borrower net income.</li>
<li>Ongoing global trade tensions causing some economic uncertainty</li>
<li>Ongoing high housing Debt to GDP levels</li>
<li>Elevated rental vacancy rates, particularly for Sydney.</li>
<li>Elevated listings in Sydney and Melbourne</li>
</ul>
"These headwinds should initially prevent another rapid housing boom from developing.
"However, if we are to see a rate cut of 50 basis points or more over the next 2-3 months, combined with today’s announcement by APRA, all cards are off the table for 2020.  
"And for 2019, our scenario 4 estimates may well end up being too conservative with the risks plainly being on the upside.
SQM's initial forecast for 2019 was:
<a href="https://www.propertyobserver.com.au/images/2019/5/21/sqm%201.png" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/5/21/sqm%201.png" alt=""> Source: SQM Research
<div>
 
</div>
 
 
</body></html>

jonathanchancellor-7SQnKwU6yx

Liberal win, APRA loosening and pending RBA rate cut sees SQM's Louis Christopher forecast price recovery

<html><body>
Data released by SQM Research has revealed the national residential rental vacancy rates surged in April 2019 to 2.3%, an increase from 2.1% in March.
The total number of vacancies Australia-wide is now at 77,664 properties for rent, a rise of just under 10,000 dwellings over the past 12 months. 
Darwin’s vacancy rate of 3.6% in April, was the only capital city to experience a decrease in vacancy rates of 0.1%, but it continues to rank the highest of all capital cities since it overtook Perth in September 2018.  
Sydney rental vacancy rates jumped to 3.4%, an increase from 3.1% in March. This represents a new record high for Sydney, based on SQM’s rental index which goes back to 2005.  
Hobart’s vacancy rate increased to 0.6% in April and continues to record the lowest vacancy rate in the country since September 2014.
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" width="12%">
City
</td>
<td valign="bottom" width="14%">
Apr-2018 Vacancies
</td>
<td valign="bottom" width="14%">
Apr-2018 Vacancy Rate
</td>
<td valign="bottom" width="14%">
Mar-2019 Vacancies
</td>
<td valign="bottom" width="14%">
Mar-2019 Vacancy Rate
</td>
<td valign="bottom" width="14%">
Apr-2019 Vacancies
</td>
<td valign="bottom" width="14%">
Apr-2019 Vacancy Rate
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Sydney
</td>
<td valign="bottom" nowrap width="14%">
15,809
</td>
<td valign="bottom" nowrap width="14%">
2.3%
</td>
<td valign="bottom" nowrap width="14%">
21,942 
</td>
<td valign="bottom" nowrap width="14%">
3.1%
</td>
<td valign="bottom" nowrap width="14%">
23,837
</td>
<td valign="bottom" nowrap width="14%">
3.4%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Melbourne
</td>
<td valign="bottom" nowrap width="14%">
7,317
</td>
<td valign="bottom" nowrap width="14%">
1.3%
</td>
<td valign="bottom" nowrap width="14%">
9,210 
</td>
<td valign="bottom" nowrap width="14%">
1.6%
</td>
<td valign="bottom" nowrap width="14%">
10,565
</td>
<td valign="bottom" nowrap width="14%">
1.8%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Brisbane
</td>
<td valign="bottom" nowrap width="14%">
9,774
</td>
<td valign="bottom" nowrap width="14%">
3.0%
</td>
<td valign="bottom" nowrap width="14%">
8,232 
</td>
<td valign="bottom" nowrap width="14%">
2.5%
</td>
<td valign="bottom" nowrap width="14%">
8,792
</td>
<td valign="bottom" nowrap width="14%">
2.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Perth
</td>
<td valign="bottom" nowrap width="14%">
8,245
</td>
<td valign="bottom" nowrap width="14%">
4.1%
</td>
<td valign="bottom" nowrap width="14%">
6,085 
</td>
<td valign="bottom" nowrap width="14%">
2.9%
</td>
<td valign="bottom" nowrap width="14%">
6,568
</td>
<td valign="bottom" nowrap width="14%">
3.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Adelaide
</td>
<td valign="bottom" nowrap width="14%">
2,427
</td>
<td valign="bottom" nowrap width="14%">
1.3%
</td>
<td valign="bottom" nowrap width="14%">
2,024 
</td>
<td valign="bottom" nowrap width="14%">
1.1%
</td>
<td valign="bottom" nowrap width="14%">
2,249
</td>
<td valign="bottom" nowrap width="14%">
1.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Canberra
</td>
<td valign="bottom" nowrap width="14%">
474
</td>
<td valign="bottom" nowrap width="14%">
0.8%
</td>
<td valign="bottom" nowrap width="14%">
575 
</td>
<td valign="bottom" nowrap width="14%">
0.9%
</td>
<td valign="bottom" nowrap width="14%">
811
</td>
<td valign="bottom" nowrap width="14%">
1.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Darwin
</td>
<td valign="bottom" nowrap width="14%">
1,011
</td>
<td valign="bottom" nowrap width="14%">
3.3%
</td>
<td valign="bottom" nowrap width="14%">
1,153 
</td>
<td valign="bottom" nowrap width="14%">
3.7%
</td>
<td valign="bottom" nowrap width="14%">
1,117
</td>
<td valign="bottom" nowrap width="14%">
3.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Hobart
</td>
<td valign="bottom" nowrap width="14%">
219
</td>
<td valign="bottom" nowrap width="14%">
0.7%
</td>
<td valign="bottom" nowrap width="14%">
131 
</td>
<td valign="bottom" nowrap width="14%">
0.4%
</td>
<td valign="bottom" nowrap width="14%">
185
</td>
<td valign="bottom" nowrap width="14%">
0.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
National
</td>
<td valign="bottom" nowrap width="14%">
67,854
</td>
<td valign="bottom" nowrap width="14%">
2.1%
</td>
<td valign="bottom" nowrap width="14%">
70,877 
</td>
<td valign="bottom" nowrap width="14%">
2.1%
</td>
<td valign="bottom" nowrap width="14%">
77,664
</td>
<td valign="bottom" nowrap width="14%">
2.3%
</td>
</tr>
</tbody></table>
SQM’s calculations of vacancies are based on online rental listings that have been advertised for three weeks or more compared to the total number of established rental properties.
SQM considers this to be a superior methodology compared to using a potentially incomplete sample of agency surveys or merely relying on raw online listings advertised.
Managing Director of SQM Research, Louis Christopher said: “Tenancy demand has been weak over the course of March and April. That combined with the expectation that dwelling completions are at their peak, prompted the rise in rental vacancies, which happened largely across the country, last month. 
“Going forward we expect rental vacancy rates will further rise in Sydney and Melbourne for most of 2019, before peaking and falling in 2020 as completions are forecasted to fall.”
Asking Rents 
Capital city asking rents increased 0.2% for units, but declined 0.4% for houses for the week ending 12 May to record asking rents of $554 per week for houses and $442 per week for units.
In comparison, over the 12 months, asking rents for units declined by 0.7% and rents for houses remained steady.  
Sydney’s asking rent for units and houses have both marginally declined by 0.3% for units and 1.5% for houses to 12 May. Over 12 months, the decline has been 5.0% for house rents and 3.8% for units. 
Perth’s rental market continued to increase over this period for both houses and units, at 0.5% and 0.2% respectively, as did Brisbane, with a 0.4% increase for houses and 0.6% for units. 
Darwin experienced a marginal increase of 1.4% over the month in house rents, after a decrease of 8.0% over the 12 months. However, units continue to slide at 1.7% over the month and 7.9% over the 12 months.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="6" valign="top" width="409">
SQM Research Weekly Rents Index
</td>
</tr>
<tr>
<td colspan="2" width="132">
Week ending: 12 May 2019
</td>
<td width="59">
Rent $
</td>
<td width="70">
Change on previous week
</td>
<td width="85">
Rolling month % change
</td>
<td width="62">
12 month % change
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Sydney
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
690.0
</td>
<td valign="top" nowrap width="70">
1.0  
</td>
<td valign="top" nowrap width="85">
-1.5%  
</td>
<td valign="top" nowrap width="62">
-5.0%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
505.2
</td>
<td valign="top" nowrap width="70">
-0.2  
</td>
<td valign="top" nowrap width="85">
-0.3%  
</td>
<td valign="top" nowrap width="62">
-3.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Melbourne
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
542.4
</td>
<td valign="top" nowrap width="70">
-1.4  
</td>
<td valign="top" nowrap width="85">
-0.2%  
</td>
<td valign="top" nowrap width="62">
1.7%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
422.5
</td>
<td valign="top" nowrap width="70">
1.5  
</td>
<td valign="top" nowrap width="85">
0.0%  
</td>
<td valign="top" nowrap width="62">
3.1%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Brisbane
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
458.5
</td>
<td valign="top" nowrap width="70">
0.5  
</td>
<td valign="top" nowrap width="85">
0.4%  
</td>
<td valign="top" nowrap width="62">
2.7%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
373.2
</td>
<td valign="top" nowrap width="70">
0.8  
</td>
<td valign="top" nowrap width="85">
0.6%  
</td>
<td valign="top" nowrap width="62">
1.5%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Perth
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
447.0
</td>
<td valign="top" nowrap width="70">
0.0  
</td>
<td valign="top" nowrap width="85">
0.5%  
</td>
<td valign="top" nowrap width="62">
6.1%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
337.2
</td>
<td valign="top" nowrap width="70">
0.8  
</td>
<td valign="top" nowrap width="85">
0.2%  
</td>
<td valign="top" nowrap width="62">
4.0%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Adelaide
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
391.6
</td>
<td valign="top" nowrap width="70">
-0.6  
</td>
<td valign="top" nowrap width="85">
-0.2%  
</td>
<td valign="top" nowrap width="62">
2.5%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
302.9
</td>
<td valign="top" nowrap width="70">
0.1  
</td>
<td valign="top" nowrap width="85">
0.5%  
</td>
<td valign="top" nowrap width="62">
1.0%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Canberra
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
624.3
</td>
<td valign="top" nowrap width="70">
-6.3  
</td>
<td valign="top" nowrap width="85">
-1.7%  
</td>
<td valign="top" nowrap width="62">
0.9%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
455.9
</td>
<td valign="top" nowrap width="70">
-0.9  
</td>
<td valign="top" nowrap width="85">
0.0%  
</td>
<td valign="top" nowrap width="62">
3.2%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Darwin
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
497.7
</td>
<td valign="top" nowrap width="70">
-1.7  
</td>
<td valign="top" nowrap width="85">
1.4%  
</td>
<td valign="top" nowrap width="62">
-8.0%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
370.6
</td>
<td valign="top" nowrap width="70">
-3.6  
</td>
<td valign="top" nowrap width="85">
-1.7%  
</td>
<td valign="top" nowrap width="62">
-7.9%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Hobart
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
426.8
</td>
<td valign="top" nowrap width="70">
2.2  
</td>
<td valign="top" nowrap width="85">
-0.3%  
</td>
<td valign="top" nowrap width="62">
7.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
374.8
</td>
<td valign="top" nowrap width="70">
12.2  
</td>
<td valign="top" nowrap width="85">
2.3%  
</td>
<td valign="top" nowrap width="62">
4.0%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
National
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
443.0
</td>
<td valign="top" nowrap width="70">
2.0  
</td>
<td valign="top" nowrap width="85">
0.5%  
</td>
<td valign="top" nowrap width="62">
1.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
363.0
</td>
<td valign="top" nowrap width="70">
-4.0  
</td>
<td valign="top" nowrap width="85">
-0.5%  
</td>
<td valign="top" nowrap width="62">
0.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Cap City Average
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
554.0
</td>
<td valign="top" nowrap width="70">
1.0  
</td>
<td valign="top" nowrap width="85">
-0.4%  
</td>
<td valign="top" nowrap width="62">
 0.0%   
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
442.0
</td>
<td valign="top" nowrap width="70">
2.0  
</td>
<td valign="top" nowrap width="85">
0.2%  
</td>
<td valign="top" nowrap width="62">
-0.7%  
</td>
</tr>
</tbody></table>
Source: <a href="http://www.sqmresearch.com.au/" target="_blank">www.sqmresearch.com.au</a>
You can visit SQM's <a href="http://www.sqmresearch.com.au/graph_vacancy.php?region=nsw::Sydney&amp;type=c&amp;t=1#terms" target="_blank">methodology page</a> for more information on how its vacancies are compiled.
</body></html>

Sydney vacancy rate jumps to 3.4% in April: SQM Research 

<html><body>
National residential listings decreased by 6.3% in April 2019, according to new figures from SQM Research.
Listings across the country dropped from 354,459 in March to 332,236.
All states experienced a decrease in property sales listings over the month, with Sydney experiencing the highest decrease at 11.1%.
It was followed by Melbourne at 8.9% and Canberra 8.8%. Darwin recorded the lowest decrease at 4.3%.
Compared to a year ago, national listings rose 2.2% with Melbourne recording the biggest increase of 18.2% year-on-year, followed by Canberra at 15.3% increase. Sydney only mustered a 0.7% increase year-on-year.
<table style="width: 454px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" width="72">
City
</td>
<td valign="bottom" width="78">
April 2018 Total
</td>
<td valign="bottom" width="85">
March 2019 Total
</td>
<td valign="bottom" width="78">
April 2019 Total
</td>
<td valign="bottom" width="71">
Monthly change %
</td>
<td valign="bottom" width="71">
Yearly change %
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="72">
Sydney
</td>
<td valign="bottom" nowrap width="78">
33,364 
</td>
<td valign="bottom" nowrap width="85">
37,813 
</td>
<td valign="bottom" nowrap width="78">
33,610 
</td>
<td valign="bottom" nowrap width="71">
-11.1%
</td>
<td valign="bottom" nowrap width="71">
0.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="72">
Melbourne
</td>
<td valign="bottom" nowrap width="78">
32,378 
</td>
<td valign="bottom" nowrap width="85">
42,001 
</td>
<td valign="bottom" nowrap width="78">
38,277 
</td>
<td valign="bottom" nowrap width="71">
-8.9%
</td>
<td valign="bottom" nowrap width="71">
18.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="72">
Brisbane
</td>
<td valign="bottom" nowrap width="78">
30,419 
</td>
<td valign="bottom" nowrap width="85">
33,815 
</td>
<td valign="bottom" nowrap width="78">
31,476 
</td>
<td valign="bottom" nowrap width="71">
-6.9%
</td>
<td valign="bottom" nowrap width="71">
3.5%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="72">
Perth
</td>
<td valign="bottom" nowrap width="78">
26,548 
</td>
<td valign="bottom" nowrap width="85">
28,114 
</td>
<td valign="bottom" nowrap width="78">
26,178 
</td>
<td valign="bottom" nowrap width="71">
-6.9%
</td>
<td valign="bottom" nowrap width="71">
-1.4%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="72">
Adelaide
</td>
<td valign="bottom" nowrap width="78">
16,235 
</td>
<td valign="bottom" nowrap width="85">
17,370 
</td>
<td valign="bottom" nowrap width="78">
16,355 
</td>
<td valign="bottom" nowrap width="71">
-5.8%
</td>
<td valign="bottom" nowrap width="71">
0.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="72">
Canberra
</td>
<td valign="bottom" nowrap width="78">
3,895 
</td>
<td valign="bottom" nowrap width="85">
4,928 
</td>
<td valign="bottom" nowrap width="78">
4,492 
</td>
<td valign="bottom" nowrap width="71">
-8.8%
</td>
<td valign="bottom" nowrap width="71">
15.3%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="72">
Darwin
</td>
<td valign="bottom" nowrap width="78">
2,089 
</td>
<td valign="bottom" nowrap width="85">
2,047 
</td>
<td valign="bottom" nowrap width="78">
1,960 
</td>
<td valign="bottom" nowrap width="71">
-4.3%
</td>
<td valign="bottom" nowrap width="71">
-6.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="72">
Hobart
</td>
<td valign="bottom" nowrap width="78">
2,270 
</td>
<td valign="bottom" nowrap width="85">
2,503 
</td>
<td valign="bottom" nowrap width="78">
2,335 
</td>
<td valign="bottom" nowrap width="71">
-6.7%
</td>
<td valign="bottom" nowrap width="71">
2.9%
</td>
</tr>
<tr>
<td nowrap width="72">
National
</td>
<td nowrap width="78">
325,147 
</td>
<td nowrap width="85">
354,459 
</td>
<td nowrap width="78">
332,236 
</td>
<td nowrap width="71">
-6.3%
</td>
<td nowrap width="71">
2.2%
</td>
</tr>
</tbody></table>
Louis Christopher, Managing Director of SQM Research, said it's not uncommon to see the decline due to the holiday month we've just had.
“The decrease is mainly due to the Easter long weekend and ANZAC day public holidays in the month of April which had only 3 weekends of trade compared to March which had 5 weekends," Christopher said.
"That said, I note Sydney listings are now only up by just 0.7% year on year.
"If Sydney listings are starting to peak that could be a sign we are getting closer to the bottom in this downturn.
"However the election could also be having an impact here, with both buyers and sellers waiting until the election is over before making decisions on buying and selling.” 
Asking Prices 
Capital city house asking prices increased marginally by 0.1% but units decreased by 0.6% for the month to 30 April 2019. The average unit asking prices are now $559,900 and houses $908,800. 
Darwin’s unit price had the highest decrease at nearly 10% over the month followed by Hobart with a 5.3% decrease in unit prices. However, Hobart’s house prices saw the highest increase at 1.4% over the month.
Sydney’s house and unit prices each dropped by 0.5% over the month. The average house price in Sydney is now $1,229,100 and a unit is $686,500 – both back to 2016 prices. 
Sydney’s 12 month decline is now 9.3% for houses and 5.8% for units. Melbourne’s house and unit prices also continue to decline over the 12 months to 30 April at 7.1% and 0.1% respectively. 
Perth experienced a marginal growth in house prices of 0.3% but unit prices continue to decline at 0.1%. 
Year-on-year capital city asking prices also posted declines of 6.5% for houses and 3.8% for units.
Hobart continued to show the strongest growth year-on-year for houses with a 7.9% increase but units declined 0.3% over the 12 months.
SQM Research Weekly Asking Prices Index
<div style="text-align: left;" align="center">
<table style="width: 426px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="2" width="156">
Week ending: 30 Apr 2019
</td>
<td width="64">
Asking Price
</td>
<td width="72">
Change on previous week
</td>
<td width="70">
Rolling month % change
</td>
<td width="64">
12 month % change
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?region=nsw-Sydney&amp;type=c&amp;t=1">Sydney</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
1,229.2
</td>
<td valign="top" nowrap width="72">
-4.3 
</td>
<td valign="top" nowrap width="70">
-0.5% 
</td>
<td valign="top" nowrap width="64">
-9.3% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
686.5
</td>
<td valign="top" nowrap width="72">
-0.7 
</td>
<td valign="top" nowrap width="70">
-0.5% 
</td>
<td valign="top" nowrap width="64">
-5.8% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?region=vic-Melbourne&amp;type=c&amp;t=1">Melbourne</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
937.2
</td>
<td valign="top" nowrap width="72">
2.3 
</td>
<td valign="top" nowrap width="70">
0.7% 
</td>
<td valign="top" nowrap width="64">
-7.1% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
543.8
</td>
<td valign="top" nowrap width="72">
-0.8 
</td>
<td valign="top" nowrap width="70">
-1.3% 
</td>
<td valign="top" nowrap width="64">
-0.1% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?region=qld-Brisbane&amp;type=c&amp;t=1">Brisbane</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
616.7
</td>
<td valign="top" nowrap width="72">
0.1 
</td>
<td valign="top" nowrap width="70">
0.2% 
</td>
<td valign="top" nowrap width="64">
1.0% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
372.1
</td>
<td valign="top" nowrap width="72">
-0.2 
</td>
<td valign="top" nowrap width="70">
-0.9% 
</td>
<td valign="top" nowrap width="64">
-2.4% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?region=wa-Perth&amp;type=c&amp;t=1">Perth</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
667.9
</td>
<td valign="top" nowrap width="72">
-1.1 
</td>
<td valign="top" nowrap width="70">
0.3% 
</td>
<td valign="top" nowrap width="64">
-2.9% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
383.3
</td>
<td valign="top" nowrap width="72">
-0.2 
</td>
<td valign="top" nowrap width="70">
-0.1% 
</td>
<td valign="top" nowrap width="64">
-4.0% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?region=sa-Adelaide&amp;type=c&amp;t=1">Adelaide</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
512.2
</td>
<td valign="top" nowrap width="72">
0.3 
</td>
<td valign="top" nowrap width="70">
-0.3% 
</td>
<td valign="top" nowrap width="64">
0.6% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
300.3
</td>
<td valign="top" nowrap width="72">
-1.0 
</td>
<td valign="top" nowrap width="70">
-0.3% 
</td>
<td valign="top" nowrap width="64">
-1.5% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?region=act-Canberra&amp;type=c&amp;t=1">Canberra</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
818.9
</td>
<td valign="top" nowrap width="72">
0.9 
</td>
<td valign="top" nowrap width="70">
-0.0% 
</td>
<td valign="top" nowrap width="64">
3.1% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
421.3
</td>
<td valign="top" nowrap width="72">
0.6 
</td>
<td valign="top" nowrap width="70">
0.2% 
</td>
<td valign="top" nowrap width="64">
1.0% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?region=nt-Darwin&amp;type=c&amp;t=1">Darwin</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
585.0
</td>
<td valign="top" nowrap width="72">
-0.2 
</td>
<td valign="top" nowrap width="70">
0.2% 
</td>
<td valign="top" nowrap width="64">
-1.4% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
362.5
</td>
<td valign="top" nowrap width="72">
-5.8 
</td>
<td valign="top" nowrap width="70">
-9.9% 
</td>
<td valign="top" nowrap width="64">
-4.8% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?region=tas-Hobart&amp;type=c&amp;t=1">Hobart</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
515.0
</td>
<td valign="top" nowrap width="72">
5.4 
</td>
<td valign="top" nowrap width="70">
1.4% 
</td>
<td valign="top" nowrap width="64">
7.9% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
304.2
</td>
<td valign="top" nowrap width="72">
-2.2 
</td>
<td valign="top" nowrap width="70">
-5.3% 
</td>
<td valign="top" nowrap width="64">
-0.3% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?national=1&amp;t=1">National</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
566.9
</td>
<td valign="top" nowrap width="72">
0.7 
</td>
<td valign="top" nowrap width="70">
-0.3% 
</td>
<td valign="top" nowrap width="64">
-0.4% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
377.0
</td>
<td valign="top" nowrap width="72">
-0.2 
</td>
<td valign="top" nowrap width="70">
0.9% 
</td>
<td valign="top" nowrap width="64">
0.1% 
</td>
</tr>
<tr>
<td rowspan="2">
<a href="https://sqmresearch.com.au/graph_median_weeks.php?avg=1&amp;t=1">Cap City Average</a>
</td>
<td valign="top" nowrap width="65">
All Houses
</td>
<td valign="top" nowrap width="64">
908.8
</td>
<td valign="top" nowrap width="72">
-1.9 
</td>
<td valign="top" nowrap width="70">
0.1% 
</td>
<td valign="top" nowrap width="64">
-6.5% 
</td>
</tr>
<tr>
<td valign="top" nowrap width="65">
All Units
</td>
<td valign="top" nowrap width="64">
559.9
</td>
<td valign="top" nowrap width="72">
-0.6 
</td>
<td valign="top" nowrap width="70">
-0.6% 
</td>
<td valign="top" nowrap width="64">
-3.8% 
</td>
</tr>
</tbody></table>
</div>
Source: <a href="http://www.sqmresearch.com.au/" target="_blank">www.sqmresearch.com.au</a> 
</body></html>

Property listings decreased in April: SQM Research 

<html><body>
Data released by SQM Research has revealed the national residential vacancy rate fell further to a low of 2.1% in March 2019, with the total number of vacancies Australia-wide now at 70,877.
Canberra is the only capital city to increase its vacancy rate from 0.8% in February to 0.9% in March 2019, reporting only 575 properties available for rent.
Sydney, Melbourne, Brisbane, Perth and Adelaide all experienced a 0.1% decrease in vacancy rates.
Darwin and Hobart have remained steady at 3.7% and 0.4% respectively.
Hobart continues to record the lowest vacancy rate in the country since September 2014.
Darwin’s vacancy rate is now 3.7% as the city continues to rank the highest of all capital cities since it overtook Perth in September 2018. Sydney currently has the second highest vacancy rate at 3.1%.
<a href="https://www.propertyobserver.com.au/images/2019/4/16/sqm%201.jpg" target="_blank">Click here</a> to enlarge:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/16/sqm%201.jpg" alt="">
Although there have been some marginal decreases in vacancies in most states over the month, Perth was the only city to record increases in asking rents for both houses and units.
Hobart’s near double digit growth in asking rents for units reflects the ongoing strong demand in a city where rental supply has been pushed to its limits and experiencing shortages in accommodation.
For the major east coast capital cities, although the latest results show a tightening of vacancies and steady rents over the month and the near term, the expected influx of new construction completions and the uncertainty around the Federal election are likely to contribute to increased vacancies and downward pressure on rents, SQM said. 
Australia’s national vacancy rate has not exceeded 3% since SQM Research began collating vacancy rate data in 2005.
With Sydney’s vacancy rate already hovering at 3.1%, Darwin at 3.7%, Brisbane and Perth not too far behind this mark and with new construction completions set to rise over 2019, this may well become a reality towards the end of the year.
Asking Rents
Capital city asking rents increased 0.2% for units but declined 0.7% for houses over March 2019 to record asking rents of $556 per week for houses and $442 per week for units.
In comparison, over the 12 months, asking rents for units declined by 0.2% and rents for houses declined by 1.2%.
Hobart’s weekly asking rents for units surged ahead with a 9.9% increase over the month and 12.3% over the 12 months. House weekly rents however, have decreased 2.2% over the month but improved 4.9% over the year.
Sydney has managed a steady asking rent for units but house rents have marginally declined by 0.8% over the month.
Perth’s rental market increased for both houses and units at 1.2% and 0.9% respectively. In contrast, Adelaide has recorded rental decreases for houses and units at 0.5% for both.
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Vacancy rates fall in March, but election likely to lead to uptick: SQM Research

<html><body>
National residential listings increased by 3.3% in March 2019 to 354,459 from 343,190 in February 2019 as the market opens up for its first full trading month, figures released by SQM Research reveal.
All states experienced an increase in property sales listings over the month, with Melbourne experiencing the highest increase in listings at 8.3%, followed by Canberra at 6.3% and Sydney 5.9%.
Darwin recorded the lowest increase at 2.5% and was the only state to record a year-on-year decline of 2.2%. Compared to a year ago, national listings rose 4.8%.
Melbourne recorded a huge increase of 24.9% year-on-year followed by Canberra with a 21.4%. 
Sydney recorded an 8.3% increase year-on-year.
<a href="https://www.propertyobserver.com.au/images/2019/4/3/SQM%201%20.jpg" target="_blank">Click here</a> to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/3/SQM%201%20.jpg" alt="">
Residential property listings continue to accumulate, reflecting the ongoing capital city housing market downturn. The rise though, is mainly attributed to older stock failing to sell. While new listings did increase over the month, very low sales rates are exacerbating the overhang of older listings. Overall, the weight of listings continues to put downward pressure on asking prices as vendors keep adjusting their asking prices in order to meet the market.
Asking Prices 
<a id="LPlnk65000" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=18a622aef9&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Capital City</a> asking prices for houses and units declined by 0.3% and 1.2% respectively, for the month to 2 April 2019. Unit asking prices are now $563,400 and houses $908,200.
<a id="LPlnk886131" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=249a806da1&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Melbourne</a>, <a id="LPlnk517675" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=d405b1713a&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Brisbane</a> and <a id="LPlnk950386" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=dfb2e33ca6&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Adelaide</a> recorded asking price declines in both houses and units. Whilst <a id="LPlnk499696" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=d4a5a0141d&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Sydney’s</a> house price remained steady at $1,235,100 asking price, the city’s unit prices has dipped 1.7% over March to $690,000. <a id="LPlnk449125" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=7f521ac19f&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Perth</a> experienced a marginal growth in house prices of 0.5% but unit prices continue to decline at 0.7%. <a id="LPlnk598582" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=93e052cc08&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Canberra</a> and <a id="LPlnk615027" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=5e88f7796e&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Darwin</a> are the only two states that recorded both house and unit asking price growth.  <a id="LPlnk640247" href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=1cf3afc21f&amp;e=0aab96dc54" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Hobart</a> is still outperforming all states in house price growth over the month, although only marginally at 0.9%. However, unit prices in Hobart have declined by 1.9% - the biggest decline amongst all states.
Year-on-year capital city asking prices also posted declines of 3.4% for units and 7.3% for houses. Hobart continues to show the strongest growth year-on-year for both houses and units with a 4.6% increase in houses and 5.1% for units. Canberra also experienced yearly growth of 3.1% in houses and 1.6% growth in units. Sydney’s 12 month decline is now 9.9% for houses and 5.8% for units. Melbourne’s house price also continues to decline at 7.3% but unit prices increased 1.5% over the 12 months to 2 April.
<a href="https://www.propertyobserver.com.au/images/2019/4/3/SQM%202.jpg" target="_blank">Click here</a> to enlarge  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/3/SQM%202.jpg" alt="">
 
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