housing finance annual rate weakest in 13 yrs, page-36

Lord,

MMMMMMM,Thats interesting where do the ABS get their vacancy stats from???? The REIA! LOL



Rental vacancy rates

Information on the proportion of rental properties vacant in capital cities is collected by the Real Estate Institute of Australia (REIA). The population weighted average of the eight capital cities shows the level of vacancies has moved cyclically over the 20 years to 2008. Between the March quarter of 1988 and the peak in the November quarter 1993, the vacancy rate more than doubled from 1.8% to 4.6%, before declining to a low of 1.5% in the June quarter 1997. Vacancy rates subsequently rose, averaging 3.8% between the September quarter 2001 and December 2003. From that period, the vacancy rate has undergone another decline to be 1.5% in the March quarter 2008, although the lowest level was 1.3% for the March quarter 2007.