Today national vacancy rates as at 30 June 2025 for mainland capital city offices was published. Overall the national office vacancy average was 15.2% (previously 14.7% at 31 December 2024).
Office vacancy rates are the highest they have been since the 1990's.
Overall vacancy rates increased with WFH taking a major portion of the blame.
The results were as follows:
Melbourne 17.9%
Perth 17.0%
Adelaide 15.0%
Sydney 13.7%
Brisbane 10.7%
The Victorian basketcase economy wins again.
If you take out Melbourne and re-calculate the overall average it falls to approximately 13.7%. This shows that Victoria is underperforming the remainder of the mainland capital cities by about 30%.
And right on cue Jacinta Allan last week proposes that WFH rights be enshrined in state legislation for employees. A cute election stunt but an absolute dead loser for generating economic activity.
You just cannot write this stuff about how much of a basketcase is Victoria.
