Brisbane-based <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co Developments</a> has officially launched its $250million COMO apartment development in Varsity Lakes, while simultaneously commencing construction.&nbsp;

Building work is now underway at COMO following the appointment of <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a> as contractor to deliver the boutique development which will rise on a 2857 sqm site overlooking Lake Orr at 22 Lake Street.

When completed, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels located in the heart of Varsity Lakes.

[smartcode_project:default project_id=135546 project_image_fid=363515]

The project, which will sit alongside Bond University, will deliver a diverse array of apartment designs comprising one-, two- and three-bedroom residences that have already attracted interest from local and interstate investors as well as an array of owner occupiers looking to gain a foothold in the precinct.

Red &amp; Co, which has largely focused on the Brisbane market in recent years where it has delivered more than 500 apartments and townhouses across 26 projects, has designed COMO to combine tranquil, lakeside living with the vibrant urban convenience of the vibrant Varsity Lakes village.

“We’re thrilled to announce a start to construction of COMO in conjunction with the official launch of the project, our first for the Gold Coast,” said Red &amp; Co Director and Co-Founder David Laverty.

[smartcode_project:default project_id=135546 project_image_fid=363509]

“COMO is superbly positioned to capture the essence of the Varsity Lakes village lifestyle and its thriving café and dining precinct, while delivering a much-needed diverse supply of premium residences for the local market.

“Pre-launch inquiries have been strong among both local and interstate investors and owner-occupiers, including downsizers and upgraders who appreciate the value proposition that COMO represents.”

Prices at COMO start from $1,000,050.

[smartcode_project:default project_id=135546 project_image_fid=363511]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the COMO development incorporates an extensive range of amenities for residents including a 25-metre rooftop lap pool, sundeck, barbecue and dining areas, as well as multiple rooftop pickleball and paddleball courts, a wellness and activity centre, gym, sauna, plunge baths and landscaped gardens.

“COMO presents a rare opportunity to secure a stylish, lifestyle-focused home in one of the Gold Coast’s most sought-after neighbourhoods,” added Laverty.

“The rooftop will be the epicentre of fun for residents with an array of amenities for residents that are quite unique for a boutique project such as this, all while offering spectacular vistas across the Gold Coast as far north as Southport and south to Burleigh.”

[smartcode_project:default project_id=135546 project_image_fid=363514]

&nbsp;

Red &amp; Co has chosen the Varsity Lakes site for its proximity to top-tier schools, major shopping hubs, such as Robina Town Centre and its CBD offering, as well as key Gold Coast transport links, including Varsity Lakes Train Station.

COMO will be located just a short walk to shops, cafes and restaurants in Varsity Lakes and just a 10-minute drive to the Burleigh Heads beachfront.

With construction currently underway, Red &amp; Co anticipates COMO will be completed in 2028.

[smartcode_project_cta:default project_id=135546]

Joel Robinson

Red & Co to launch debut Gold Coast development Como Varsity Lakes as construction commences

Longstanding Gold Coast developer Raptis has acquired a prime development site on Surf Parade for its next Broadbeach apartment project.

Progressing towards completion of <a href="https://www.apartments.com.au/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach-qld-4218">The Sterling Broadbeach</a>, 90 apartments on nearby George Avenue, <a href="https://www.apartments.com.au/developers/raptis">Raptis</a>, led by second-generation family man Evan Raptis, has picked up a block on the corner of Surf Parade and First Avenue.

The site had been earmarked for a luxury apartment project with 33 full-floor apartments across a 37-storey tower. Raptis will go back to the drawing board and create a building more appropriate for the site. The development application will be lodged later this month.

Evan Raptis told Apartments.com.au the site ticks all the boxes.

"Broadbeach is a suburb we've developed several buildings over the years. Surf Parade ticks all the boxes for the type of apartment development we want to deliver."

Raptis had several pre-lodgement meetings with council to ensure they are aligned in the development.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="f0d58573-07a4-47a8-9f5e-fbf35fb03dc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-05%20at%204.58.23%E2%80%AFPM.png?VersionId=iczZEd_4_o4UL0PHMPJGfy_q3tv96J5i" />

Surf Parade has emerged in recent years as one of the most popular streets in Broadbeach for development.

South East Queensland developer Mosaic Property Group kicked it off with Marella by Mosaic. Bassar Group sold out Infinity on the street, while for its&nbsp;first Gold Coast development, Polycell grabbed a Surf Parade site for <a href="https://www.apartments.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach-qld-4218">The Rochester</a>, which is nearly sold out.

Melbourne-based developer Hirsch &amp; Faigen recently launched its fourth Gold Coast project on the exclusive strip. The Eveleigh Broadbeach will have 100 apartments across a 31-storey building designed by Rothelowman.

GV Property Group site development specialists Antonio Mercuri and Luke Reaby, who both amalgamate sites and sell shovel-ready sites to developers up and down the Gold Coast, sold Surf Parade to Raptis.

Raptis secures prime Surf Parade site for next Broadbeach apartment development

Less than two years after breaking ground, Gardner Vaughan Group is celebrating the topping out of Bask, its second development in the exclusive coastal enclave of Bokarina on Queensland’s Sunshine Coast.&nbsp;

Located only minutes from the beachfront, the two seven-storey luxury apartment towers, known individually as Mydas and Caretta, offer a selection of one-to-four-bedroom residences with views of Lake Kawana, the Glasshouse Mountains, and Bokarina Beach.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333359]

Gardner Vaughan Group Commercial Director Sam Gardner said the milestone marks the home stretch for construction, with first residents expected to be able to move in from Spring 2026.&nbsp;

“This is a significant milestone in bringing this development to life and represents our confidence in this region’s long-term growth and appeal,” Gardner said.&nbsp;

“With 85 per cent of apartments already sold, buyers are joining an established, coastal village that offers the very best of the Sunshine Coast – seasonally patrolled surf beaches, renowned restaurants, and links to established health and retail.&nbsp;

“The final collection of three- and four- bedroom apartments range in size from 127sqm to 300sqm, each with two or three secure car parks and storage, and with construction fast approaching completion we don’t expect the last few apartments to remain on the market for long.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333362]

Local restaurateur Luke Stringer, who co-owns and manages the award-winning Bocca Italian and Playa Mexican restaurants in Bokarina, has lived in the beachside suburb for 18 months and worked there for more than three years, and said the beachside suburb was thriving.&nbsp;

“It’s fair to say Bokarina is finally stepping into the sun and there’s a lot to love about the place,"&nbsp;Stringer said.

"It’s such a great community, where you see the same smiling faces every morning and everything’s within easy reach – it’s the perfect hub in the middle of the Sunshine Coast.

“When we first opened Bocca Italian, we were the lone restaurant, but it’s been amazing to see how the area has grown. The more venues that open, the busier it gets for everyone. When Playa Mexican opened its first Saturday night, Bocca had a record night and Playa was packed too, which blew us away how everyone is thriving.&nbsp;

“There’s a great energy around the place now, and people are really embracing Bokarina as a food and lifestyle destination.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363368]

Stringer joined other buyers at Bask Bokarina and the Gardner Vaughan Group team to celebrate the topping out at a special event in February.&nbsp;

Located in Kawana Waters, midway between Caloundra and Maroochydore, Bokarina locals enjoy scenic walking paths around Lake Kawana, playgrounds, beachfront boardwalk and parklands, alongside all the convenience of a masterplanned beachside community.&nbsp;

“You see people jogging or swimming in the morning, then grabbing coffee at the cafes, people are really embracing the area and all this growth is bringing more people to Bokarina,” Stringer added.&nbsp;

To take advantage of the vistas, each of the 135 apartments at Bask is designed with full size windows and high ceilings that provide an abundance of natural light.&nbsp;

Prices for the remaining three-bedroom apartments start at $1,599,000 and four-bedroom apartments start at $3,149,000.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363369]

The mixed-use development also features ground-level retail space for cafés, dining options and boutiques, including the soon-to-be-opened ‘Corner Shop’, by the team behind Noosa’s well known ‘Organika’.

Sam Gardner said Gardner Vaughan Group’s 37-year history building and developing across South East Queensland has contributed to the success of its second development in Bokarina, which follows the recently completed Zinc Apartments.&nbsp;

“We care how people live and this is reflected in the way we approach the design and delivery of every development,” he said. “Furthermore, as a builder-developer we have full control over the construction program and our 100 per cent completion rate is something people can draw confidence from.”&nbsp;

Founded by civil engineers Guy Gardner and Darryl Vaughan in 1989, the family-owned business has evolved from a consultancy firm to an award-winning builder-developer, with projects across the Sunshine Coast, Moreton Bay, Brisbane and the Gold Coast.

[smartcode_project_cta:default project_id=141609]

Gardner Vaughan Group tops out Bask Bokarina apartments

Prolific Melbourne developer <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has launched its fourth new Gold Coast development in as many years.

<a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has unveiled The Eveleigh, on a prime 1,100 sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a> will deliver 100 apartments across 31 levels, making it the company’s largest Gold Coast project to date. It builds on the success of its three earlier developments, <a href="https://www.apartments.com.au/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">The Hemingway in Palm Beach</a> and <a href="https://www.apartments.com.au/buildings/emerson-kirra-100-musgrave-street-coolangatta">The Emerson at Kirra</a>, both completed, and <a href="https://www.apartments.com.au/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which is nearing completion.

[smartcode_project:default project_id=149670 project_image_fid=360966]

The announcement of The Eveleigh affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied. It also increases the value of Hirsch &amp; Fa​igen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with Hemingway.

The company has enlisted its preferred architecture firm Rothelowman to design The Eveleigh, which will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

[smartcode_project:default project_id=149670 project_image_fid=360965]

Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, The Eveleigh has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market. Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

[smartcode_project:default project_id=149670 project_image_fid=360975]

“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp;a​mp; Faigen and a shareholder of the group.

“With the likes of Mosa​ic and Abedian &amp;a​mp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

"After four years in the Gold Coast market, and with three successful projects completed, The Eveleigh is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country. We continue to remain very confident in the high-end Gold Coast property market.”

Urban Activation Director Matt George is handling sales for The Eveleigh, having sold out The Emerson, The Hemingway, and Yves, all before construction was completed.

Melbourne builder MAXCON has already commenced construction on The Eveleigh. They are forecasting a mid-2028 completion.

[smartcode_project_cta:default project_id=149670]

Hirsch & Faigen unveils The Eveleigh in Broadbeach

Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

[smartcode_project:default project_id=136726 project_image_fid=362014]

There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

&nbsp;

[smartcode_project:default project_id=136726 project_image_fid=362015]

Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

[smartcode_project:default project_id=136726 project_image_fid=362020]

The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

[smartcode_project_cta:default project_id=136726]

Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

Vacancy Rate

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SQM Research has calculated the national residential rental vacancy rate decreased sightly in January, with all mainland capital cities recording falls in vacancies in January.

SQM Research noted that there are now less vacancies compared to last January – just prior to the first outbreak of Covid-19 in Australia. 

But CBD rental vacancy rates in both Sydney and Melbourne remain elevated, despite recent falls. 

Melbourne’s overall vacancy rate decreased from 4.7% in December 2020 to stand at 4.4%,  the highest vacancy rate for any of the capitals.

This time last year, Melbourne’s vacancy rate was low at 2.1%. 

Sydney also recorded a fall in vacancies over January with the rental vacancy rate sitting at 3.2%, assisted by sharp falls in the CBD rental market where vacancy rates are down to 6.2% after being as high as 16% in May last year. 

“We remain of the view that there will not be a complete reversal of the sharp rise in rental vacancy rates experienced in these locations,” SQM’s Louis Christopher said.

“Demand for inner city property will remain affected by the closure of the international border as well as ongoing caution on future city lockdowns. 

“This will mean 2021 will remain largely a tenant’s market in the inner cities but will also very much remain a landlord’s market for regional Australia.” 

<img alt="" height="592" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sqm_vacancy_rates.jpg" width="1200">

Landlords in capital city are seeking slightly higher asking rents, up 0.7% for both houses and units to $552 per week for houses and $413 per week for units.  

Sydney had the highest increase of 3.2% in asking rents for houses and 2.2% in unit asking rents.  

“This is the first significant rise for Sydney since February 2020,” SQM’s Louis Christopher who pointed out 12-month rents are still in the negative by 6.3% (houses) and 8.9% (units) respectively. 

Melbourne continued to record declines in both house and unit asking rents over the month, falling by 0.1% and 0.4% respectively.  Interestingly, rents slightly rose in the CBD for units, a sign that the worse could be over for CBD landlords. 

Canberra recorded increases in house rents of 2.8% and unit rents increased by 2.7%. Perth house and unit rents also increased over the month.  

<img alt="" height="1011" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sqm_weekly_rents.jpg" width="1200">

 
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jchancellor

Find out what happened to the national vacancy rate in January

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<h3 class="post-title entry-title">SQM Research reported that vacancy rates fell across most capital cities in the month of August 2017.</h3>
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<div> </div>
<div>The national vacancy rate of 2.2 per cent was marginally lower than the 2.3 per cent seen at the same time in the prior year. </div>
<div> </div>
<div>Melbourne (1.7 per cent) and Hobart (0.4 per cent) in particular are seeing sharp increases in median asking rents, while the vacancy rate in Adelaide was down to just 1.6 per cent from 1.9 per cent a year earlier.</div>
<div> </div>
<div>In fact, Hobart has the lowest vacancy rate on record for any capital city, and both rents and prices are exploding higher.  </div>
 <div class="separator"><a href="https://www.propertyobserver.com.au/images/2017/09/21/SQM1.jpg" target="_blank">Click to enlarge</a></div>
<div class="separator"><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/2017/09/21/SQM1.jpg" alt=""></div>
<div> </div>
<div>Vacancy rates ticked down from July in Brisbane (3.1 per cent) and Perth (4.6 per cent) in August.</div>
<div> </div>
<div>The rental market Perth needs to improve for landlords - median asking rents are some 34 per cent lower than at their peak according to SQM's asking rents index. </div>
<div> </div>
<div>Meanwhile Darwin has recorded seven consecutive declines in its vacancy rate, suggesting that the rental downturn may finally be over in the Northern Territory. </div>
<div> </div>
<div>Smoothing the last 6 months of figures suggests that the rental market is not deteriorating significantly in most capital cities. </div>
<div> </div>
<div><a href="https://www.propertyobserver.com.au/images/2017/09/21/SQM2.jpg" target="_blank">Click to enlarge</a></div>
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<div class="post-body entry-content"> </div>
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<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/2017/09/21/SQM2.jpg" alt=""> <div class="separator"> </div>
 Dwelling completions are expected to peak in early 2018, while immigration has picked up a notch. SQM's Managing Director, Louis Christopher, noted: <div> </div>
<div>"We believe rents will likely rise at a faster pace 2018 than what has been recorded in 2017, thus far. </div>
<div> </div>
<div>We now have mounting concerns for significant rental shortages in 2019 in Sydney and Melbourne”. The delinquents There is some correlation here with the performance in mortgage delinquencies. Moody's reported that, by the month of May, 30 plus day delinquencies in Melbourne had declined to just 1.35 per cent, and in booming Hobart arrears had fallen very sharply to just 1.45 per cent. In Sydney, the 30-plus delinquency rate was as low as 0.84 per cent, which is as low as we will ever see for Sydney as a city of more than 5 million persons, while the ACT had a reported delinquency rate of just 0.90 per cent. On the other hand delinquency rates increased to 2.20 per cent in Adelaide, 2.66 per cent in Perth, and 2.82 per cent in Darwin. And helping to tick 30-plus arrears slightly higher year-on-year from 1.50 per cent to 1.62 per cent, delinquencies were higher in the regional markets of all of the resources states and territories, including South Australia.</div>
<div> </div>
<div>
<a href="https://www.propertyobserver.com.au/images/2017/09/21/MOODYS.jpg" target="_blank">Click to enlarge</a> <div class="separator"><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/2017/09/21/MOODYS.jpg" alt=""></div>
 Despite these increases, thanks to the Sydney and Melbourne weighting nationally delinquency rates remain well below the levels seen in 2011 and 2012 of 1.87 per cent and 1.81 per cent respectively.</div>
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank">Four Green Houses and a Red Hotel</a>.
 
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pwargent-M4siyDbqQY

SQM sees rental shortages by 2019 

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SQM Research released its latest vacancies and asking rents figures up to October 2015, which showed vacancy rates steady across much of the east coast but rising in the resources capitals.    Reported vacancy rates were steady in Brisbane (2.6%) and Adelaide (1.9%), while Canberra (2.1%) saw a slight decline.   The vacancy rate in Sydney declined to 1.6%, which has been reflected in moderately rising asking rents for houses (+1.9%) and units (+3.1%) over the year, although the rents figures may mask divergent trends at the sub-regional level.   While both Melbourne (2.4%) and Hobart (1.1%) saw vacancy rates ticking up in October, over the past year both have recorded declines, and as such asking rents have been rising solidly in these cities too. 
Click to enlarge
<img src="/images/2015/11/18/Screen%20Shot%202015-11-19%20at%2010.43.38%20AM.png" alt="">
Resources woes
On the other hand vacancy rates rose further still in Perth (3.8%) and Darwin (3.5%).
Asking rents for houses in Darwin have tanked by more than 20% over the past year according to SQM, with Darwin set for a significant price correction.
Asking rents are down for houses in Perth too (-6.4%), albeit by a less dramatic margin.
Perth has reportedly seen the price of premium property fall sharply this year, although prices at the bottom end of the market have not shifted too much to date.
Perth will become an attractive buyers' market again in time, but most data - including the iron ore price which was walloped by another 4.5% overnight to be down by a stonking 76% since 2011 and 36% this calendar year alone - suggests that this time is not yet upon us!
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
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Vacancy rates a mixed bag: Pete Wargent

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As expected SQM Research's figures showed vacancy rates declining in August in every capital city, and rents jumping in the big cities. 
Hobart's vacancy rate fell to just 0.5 percent, while both Sydney (1.7 percent) and Melbourne tightened (1.9 percent) despite talk of an oversupply.
Asking rents for units were up by +4.5 percent in Melbourne and +4.0 percent over the year to August, suggesting that "landlords are in control of the market" according to SQM. 
Vacancy rates also declined in August in Brisbane, Adelaide, Perth, Darwin, and Canberra. 
<a href="/images/2016/09/23/SQM1.jpg" target="_blank">Click to enlarge</a>
<div id="x_post-body-4621751620857808479" class="x_post-body x_entry-content">
<div class="x_separator"><img src="/images/2016/09/23/SQM1.jpg" alt=""></div>
<div> </div>
<div>Smoothing the data on a 4mMA basis shows that Canberra's market has also tightened substantially, with asking rents soaring by +12 percent. </div>
<div> </div>
<div>The smoothed figures show that Darwin is on the mend, but Perth still has a 5 percent vacancy rate to chew through before rents can rise again. </div>
<div> </div>
<div><a href="/images/2016/09/23/SQM2.jpg" target="_blank">Click to enlarge</a></div>
<div> <img src="/images/2016/09/23/SQM2.jpg" alt="">
</div>
 According to Louis Christopher of SQM Research: <div>"Sydney is likely to remain a landlords' market, as the city's growing population creates demand for new stock".</div>
<div> </div>
<div>Only in one sub-region of Sydney has SQM recorded an increase in advertised vacancies. </div>
<div> </div>
<div>
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
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Vacancy rates drop everywhere, big city rents jump

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<div>More interesting trends reported today by SQM Research for the month of April 2016.</div>
<div> </div>
<div>Over the past year Melbourne's reported vacancy rate declined from 2.2 per cent to 2.1 per cent, while in Sydney the reported vacancy rate has fallen from from 1.8 per cent to 1.7 per cent.</div>
<div> </div>
<div>At the other end of the spectrum, Perth reached a new cyclical high of 4.6 per cent suggesting that the bottom for the Western Australian capital may not yet be in, although lower interest rates may well help to support prices. </div>
<div> </div>
<div>In Perth both median house (-8.4 per cent) and unit (-9,3 per cent) asking rents have declined over the past year, although actual dwelling price declines have been modest. </div>
<div> </div>
<div>Asking rents are also down for Darwin houses (-8.4 per cent) and units (-12.5 per cent).</div>
<div> </div>
<div>On the other hand median asking unit rents increased year-on-year or both Sydney (+5 per cent) and Melbourne (+4.1 per cent), while in Brisbane the increase was more modest (+1.3 per cent).</div>
<a href="/images/2016/05/18/SQM.jpg" target="_blank">Click to enlarge</a>
<div class="separator"><img src="/images/2016/05/18/SQM.jpg" alt=""></div>
 
<div>Since month to month vacancy rates can move around a bit, I've smoothed the data below on a 4mMA basis (arguably I should also be applying a seasonal factor, but I haven't so...shucks).</div>
<div> </div>
<div>This chart gives an interesting perspective on recent trends, although the Christmas period can be a bit of a distortion.</div>
<div> </div>
<div><a href="/images/2016/05/18/SQM2.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2016/05/18/SQM2.jpg" alt=""></div>
 Fascinating stuff.
<div>In most capital cities vacancy rates have declined over the past year.</div>
<div> </div>
<div>In Sydney demand has marginally outstripped supply. Even in apartment construction hotspots such as Green Square vacancy rates have reportedly fallen sharply from 3.5 per cent this time last year to just 1 per cent.</div>
<div> </div>
<div>Now sure, you might question the measurement criteria (where a new block of units is constructed only a sample of apartments might be advertised for rent, for example), but aren't the measurement criteria measuring like-for-like figures?</div>
<div> </div>
<div>
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
</div>
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Melbourne and Sydney rental property vacancies down over year: Pete Wargent

<html><body>
The national residential rental vacancy rate recorded a decrease over the month from 2.5% in May to 2.2% throughout June 2020, according to the latest data from SQM Research.
The financial year ended with the total number of vacancies Australia-wide now at 77,132 vacant residential properties. 
This time last year, the national vacancy rate was slightly higher at 2.3%.
All capital cities recorded declines in vacancy rates over the month. 
Sydney currently has the highest vacancy rate in the nation at 3.8%, having declined by 0.2%, followed by Melbourne with a vacancy rate of 3.0%, declining by 0.1%. 
Hobart’s vacancy rate is the lowest in the nation at 0.9%, having declined by 0.4% over the month. 
Darwin recorded the largest decline in rental vacancy rate of 0.5% to now record a low vacancy rate of 1.8%. 
<img src="https://www.urban.com.au/images/2020/7/13/g1.png" alt="">
Even among the capital city CBD locations, there have been declines in vacancy rates over the month.  Sydney CBD has dropped to 13.8%, down from 16.2% in May, Melbourne’s CBD and Melbourne Southbank have also declined to 8.8% and 16.2% respectively.
Adelaide CBD has dropped to 7.1% and Perth CBD is now 5.3%.
However, Brisbane CBD’s vacancy rate has increased from 13.3% in May to 14.0% and Sydney’s Palm Beach is now 18.0%, up from 16.7% in May.
Over the month, Capital City asking rents decreased 3.1% for houses and 4.5% for units for the week ending 12 July 2020 to record asking rents of $534 per week for houses and $421 per week for units. 
Sydney, Melbourne and Adelaide recorded declines in asking rents for both houses and units over the month, whilst Brisbane and Perth continue to record increases in house and unit asking rents. 
Canberra and Darwin have had declines in house asking rents but recorded increases in unit asking rents.
<img src="https://www.urban.com.au/images/2020/7/13/g2.png" alt="">
"We believe the surprise fall in vacancy rates is due to Airbnb property owners giving up on the longer term leasing market and moving back to short term leasing, especially in light of the July school holiday period and the opening of some state borders," said Louis Christopher, the managing director of SQM Research.
The fall in rents over the same period for a numbers of our capital cities suggests that the weakness in the rental market remains.
Going forward, our expectation is the Australian rental market will remain weak for the duration of 2020 or until such time as the international border reopens and we as a community have past the worst of COVID19."
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j.ballantyne1990-6AQqhLzZaK

National rental vacancy rates drops over June: SQM Research

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The vacancy rate in the Sydney CBD continues to blow out as COVID-19 leaves the city emptying.
The vacancy rate rose to 16.2 per cent over May, up from 13.8 per cent in April and double this time last year.
Palm Beach, Sydney's weekender playground for the millionaire's, is 16.7 per cent vacant.
Brisbane and Melbourne's CBD's are both up, void of international students.  
<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/2020/6/16/Capital%20City%20vacancy%20rates.jpg" alt="">
Overall the national wide vacancy rate is down to 2.5 per cent, from 2.6 per cent in May.
Now there are 86,398 vacant properties across the country.
Sydney and Melbourne however bucked the trend, with their state-wide vacancies rising to four per cent and 3.1 per cent.
Melbourne’s vacancy rate had the highest percentage increase of 0.3 per cent, while Sydney has the highest vacancy rate in the country.
Adelaide and Hobart both have the lowest vacancy rate in May at 1.2 per cent.
<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/2020/6/16/Vacancies%20capital%20city.jpg" alt="">
 
 
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jrobinson-rf4aSBido9

Sydney CBD jumps to 16 per cent vacant as state-wide vacancies reach four per cent

<html><body>
Office rents in Sydney and Melbourne will continue to grow over the next three years despite rising vacancy on the back of strong net supply, according to independent valuer and advisor m3property’s latest national office market report. 
Adelaide and Brisbane will see some welcome tightening of vacancy and Perth will remain stubbornly high, the firm said. 
The Australian Office Insight: Winter 2019  report forecasts a vacancy rate of 6.3% for Sydney by December 2021 with an average annual net supply of circa 74,000 square metres, while Melbourne’s vacancy will rise to just under 5% with average annual net supply of circa 125,000 square metres. 
National Director Research, Jennifer Williams, said while challenging economic conditions threatened white collar employment levels, massive infrastructure spending and a resurgence in the mining sector would help to stabilise vacancy rates nationally.  
“Generally most markets are in the upward phase and performing well with Sydney and Melbourne heading towards a peak, Adelaide in a stable growth phase, Brisbane and Canberra in early upturn and Perth at the nadir of its cycle,’’ Williams said. 
“Over the outlook period to December 2021 there are risks associated with the adoption of new technology and the impact on white-collar employment, falling domestic consumption and dwelling construction, global trade issues, and supply cycles gaining momentum, particularly in Sydney and Melbourne. 
“On the positive side any further interest rate cuts should provide some economic stimulus along with proposed tax cuts, as should infrastructure projects and an uptick in the mining sector, particularly for the Perth and Brisbane markets.’’
Williams said government policies, particularly federally, would be critical to addressing the weakness in household consumption.  
“Household consumption, which accounts for nearly 60% of GDP, is critical to overall economic health.
“While employment is reasonably low at around 5%, it has not translated into the sort of wages growth required to drive an increase in consumption, stimulate the economy and underpin ongoing employment growth, especially at a time when consumers are also faced with falling dwelling values.’’
<a href="https://www.propertyobserver.com.au/images/2019/6/25/m3property.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/2019/6/25/m3property.jpg" alt="">
National Director Office, Andrew Duguid, said while rents continued to rise in Melbourne and Sydney, tenants were getting more for their money. 
“New generation buildings, the evolving nature of landlord services, and improved infrastructure and connectivity have very much added to tenant amenity and are driving growth in most markets,’’ Duguid said. 
He said while Sydney’s prime office vacancy would soften, secondary grade buildings would likely see a greater rise in vacancy with the result that landlords would come under pressure to maintain rents. 
“New supply will continue to drive mobility of tenants to new and refurbished buildings, resulting in increased demand and growth in prime stock and retraction in demand for secondary buildings. We expect this trend to continue as the supply cycle unfolds over the next few years,’’ Duguid said.  
He said the outlook for Melbourne was very positive as the limited availability of key development sites would keep a lid on any rise in vacancy. 
“Delivery of new buildings during the current construction cycle will partly alleviate availability pressures but forecast strong tenant demand will ensure vacancy remains low and rents continue to grow.’’
The report found that, with the exception of Melbourne, which has seen 6.5% growth, prime face rents had only risen marginally over the year to March 2019 and were forecast to continue that trend in the short-term.
High vacancy levels in Brisbane, Adelaide and Perth were expected to keep rent growth low in those markets.  
On the investment front, Duguid said demand was strong across all markets, from listed and unlisted funds as well as foreign investors.
He said strong pricing in core CBD markets in Sydney and Melbourne had created opportunities in other locations including Canberra, Adelaide and the metropolitan markets while yields were set to stabilise in most CBDs with Perth and Melbourne the exceptions with a slight firming expected in those markets.
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Sydney office vacancy to top 6% by 2021: m3property

<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>
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.
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