SQM vacancy rates updated for September remain at very low levels around Cairns with some differences between postcode areas. Most interest here is in postcodes 4870 (central) and 4879 (beaches):

Weekly listings data from SQM, which is not the same as vacancies which attempts to identify genuinely vacant properties between tenants, shows some bounce in these areas:

SQM national rental vacancy rate which will be dominated by the bigger capitals is near lows despite a collapse in population growth:

Yet, in September 2020 the economic boffins at RBA posted this: The Rental Market and COVID-19

Over the medium term, the pipeline of apartments due to be completed, combined with weaker population growth, is expected to see the national vacancy rate increase by around 1 percentage point by 2021 before declining slowly as supply adjusts and international borders reopen.

Well, someone is / was wrong?

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