The research firm SQM said that the vacancy rate dropped from 2.5% in May to 2.2% that month. As of the end of the financial year, the total number of vacant residential properties in Australia was 77,132.
Louis Christopher, managing director of SQM, said the national vacancy rate at this time last year was slightly higher at 2.3%. “We believe that the unexpected drop in vacancy rates is due to Airbnb owners abandoning the long-term rental market and switching back to short-term rentals, especially considering the July school holiday and the opening of some state borders.
According to APRA data, of all loans deferred, interest-only loans accounted for 14%, while loans with a loan ratio of more than 90% accounted for 8%.
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