Emptiness charges plunge over February as rental disaster deepens

Properly, our rental disaster is getting worse.

As the tip of the January vacation season resulted in plunging rental emptiness charges over February as demand was reinvigorated, with capital cities now usually reporting record-low ranges of accessible rental inventory.


Most capitals once more reported increased home rents over February in comparison with the earlier month with Sydney regular, and Brisbane and Canberra marginally decrease every down by 0.4%.

Median Weekly Asking Rents February 2023

Darwin’s weekly home rents have been sharply increased by 3.6% over the month and at the moment are the very best of all of the capitals at $715 per week.

Melbourne home rents additionally elevated sharply over February – up by 3.0%, reflecting a decline in the home emptiness charge to only 0.7%.

Home emptiness charges have been decrease in Melbourne, Brisbane and Perth over the month, regular in Sydney, Adelaide and Darwin, however increased in Hobart.

Most capitals proceed to report extraordinary will increase in home rents over the previous 12 months apart from Hobart and Canberra, with Brisbane as the highest performer up by 24.4%.


Melbourne, Brisbane and Sydney reported sharply increased unit rents over February, growing by 6.6%, 4.5% and three.5% respectively.