Finding a rental property in Canberra is becoming increasingly difficult as the city’s vacancy rates continues to decline.

As of last month, just 0.7% of properties for rent across the ACT were empty, a decrease of 0.1% from the month before.

Twelve months ago the vacancy rate sat at 1.1%.

The new data from Domain shows Canberra is one of just two capital cities that saw a decrease in vacancy last month with Perth also seeing a drop.

Capital City Vacancy Rates
Jul-21 Jun-21 Jul-20 Monthly Change Annual Change
National 1.6% 1.6% 2.1%
Sydney 2.6% 2.6% 3.5%
Melbourne 3.7% 3.6% 3.2%
Brisbane 1.3% 1.3% 2.3%
Perth 0.7% 0.8% 1.3%
Adelaide 0.6% 0.5% 0.9%
Hobart 0.5% 0.5% 0.7%
Canberra 0.7% 0.8% 1.1%
Darwin 0.6% 0.6% 1.7%
Source: Domain. The vacancy rate represents the portion of available, empty rental properties relative to the total stock of rental property. The rental vacancy rate is based on adjusted Domain rental listings and will be subject to slight revisions over time.

Data provided by domain

Despite the relatively low number of empty properties available in the Nation’s Capital, finding a rental property is even harder in a number of other cities.

Darwin, Adelaide and Hobart all had lower vacancy rates.

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Canberra is already the most expensive place to rent in Australia but this latest report proves tenants in all capital cities outside of Sydney and Melbourne are operating in a landlords market.

Lower vacancy rate continuing to give landlords a strong case to raise asking rents.

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