Home News Still a tight rental market for Canberra tenants

Still a tight rental market for Canberra tenants

Font size :
Tight rental vacancy rates in Canberra continue over July with higher demand for rental properties reflecting the usual surge at the start of every financial year.

Latest figures show that the house rental vacancy rates in Australia’s capital have remained at one per cent while unit vacancies fell from two per cent to 1.9 per cent. Overall dwelling vacancy rates remained steady at 1.3 per cent, although this reflected a steep fall from last July 2015’s 2.2 per cent. Hobart is the only capital city that recorded lower vacancy rates for both houses and units.

Among Canberra’s regions, Canberra Central reported the highest number of house vacancies over July, with a median asking rent of $558. It also reported the highest number of unit vacancies over the previous month, with a median asking rent of $450.

Meanwhile, Ngunnawal had the highest number of house rental vacancies reported over July with a median rental of $410. This was followed by Palmerston, Harrison, Deakin, and Gungahlin, accordingly. In terms of the unit vacancies, Kingston took the top spot with a median rent of $490, followed by Braddon, Turner, the City, and Bruce.

Housing affordability and accessibility remains a huge issue for the Canberra rental market. Furthermore, tight vacancy rates and a shortage of rental property are putting upward pressure on rents.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

New social housing aims to transform Ivanhoe Estate New social housing aims to transform Ivanhoe Estate

The sprawling redevelopment aims to boost the supply of affordable housing in Sydney Read more

A new suburb will be built in west Melbourne A new suburb will be built in west Melbourne Mount Atkinson will become home to more than 22,000 people over the next 15 years ... Read more

Surging house prices threaten liveability in Melbourne Surging house prices threaten liveability in Melbourne Analysts warn the city could become just as unaffordable as Sydney, if property trends continue ... Read more

More Aussies would benefit from regional hubs linked to cities More Aussies would benefit from regional hubs linked to cities Shorter commutes could spur higher home sales in regional towns, analysts say ... Read more

More mortgage news and articles

Sponsored Links

Saturday, Aug 19, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords