Promising sign for battling renters emerges amid ultra tight rental vacancy rates

  


Property investors have delivered a small ray of sunshine to Australia’s embattled rental community, with vacancy rates across the ultra-squeezed market easing slightly in June after years of sustained tightening.


REA’s latest PropTrack Market Insight Report shows the national rental vacancy rate rose by 0.09 per cent in June to hit 1.42 per cent, with Sydney and Melbourne leading the pack.


Sydney lifted 0.2 points to 1.68 per cent and Melbourne has edged up 0.12 points to 1.5 per cent.

Know More: https://www.news.com.au/finance/economy/australian-economy/data-shows-slight-easing-in-ultra-tight-rental-vacancy-rates/news-story/695c5e207ee9bc3c60ac4d23b4b1fdb2

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