Canberra's rental vacancy rate is at a near multi-year low, a report from Domain has claimed.
It's a landlords market with only 0.7 per cent of rentals in Canberra vacant in July this year, while unemployment also hits to lowest in a decade.
The vacancy rate at the same time last year was 1.1 per cent.
Canberra is the most expensive city to rent in the country, with the median rental costing $668 a week for a house, and $521 a week for unit in July this year.
Over the past decade, there has been a more than 20 per cent surge in house rental prices and 13.6 per cent for units.
The national vacancy rate is 1.6 per cent, the same as last month but the lowest since 2017.
Tenants in Hobart are suffering the most, as only 0.5 per cent of rentals are vacant, followed closely by Darwin at 0.6 per cent.
Big sister cities Melbourne and Sydney are in much more of a renters market, with vacancy rates of 3.7 and 2.6 per cent respectively.
Melbourne is the only city with more rentals available than the same time last year.
It had a 3.2 per cent vacancy rate in July, 2020.
Australia vacancy rate - July, 2021
- National - 1.6 per cent
- Melbourne - 3.7 per cent
- Sydney - 2.6 per cent
- Brisbane - 1.3 per cent
- Perth - 0.7 per cent
- Canberra - 0.7 per cent
- Darwin - 0.6 per cent
- Hobart - 0.5 per cent
