The hotspots and not-spots for houses and units
Key insight from an independent property valuation and advisory group has revealed the rental vacancy situation in each capital city, informing investors of which areas are attracting demand – and which aren’t.
Herron Todd White has just rolled out its Month in Review report for November 2019, showcasing the latest movements and trends for property markets across Australia.
According to the group, the rental vacancy situation is varied when it comes to houses and units across each capital city.
For example, Sydney, Melbourne, Brisbane, Adelaide and Perth are each experiencing a “balanced market” when it comes to house rental vacancy, meanwhile Hobart and Canberra are both experiencing a “severe shortage of available property relative to demand”, and Darwin is seeing an “oversupply of available property relative to demand”, the research said.
In terms of units, Sydney and Melbourne are both experiencing an “oversupply of available property relative to demand”, while Brisbane, Adelaide, Perth and Canberra are experiencing a “balanced market”.
Hobart is seeing a “severe shortage of available property relative to demand” when it comes to units, and Darwin is seeing a “large oversupply of available property relative to demand”.
Herron Todd White also revealed the demand for new houses and units.
Sydney
Houses: Fair
Units: Soft
Melbourne
Houses: Fair
Units: Soft
Brisbane
Houses: Fair
Units: Fair
Adelaide
Houses: Fair
Units: Fair
Perth
Houses: Fair
Units: Soft
Hobart
Houses: Fair
Units: Fair
Darwin
Houses: Soft
Units: Soft
Canberra
Houses: Strong
Units: Soft
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