Is Australia going back to a house with a backyard – the data supports the trend

• The national residential vacancy rate fell to 2.0% in August 2020
• All capital cities recorded an improvement in vacancy rates during the month, with the exception of Melbourne
• A key trend has been the continued shift towards regional and outer suburban living
• The Merricks Capital Partners Fund has repositioned over the last year away from inner-city, multi-residential development
• We continue to exploit the opportunities provided by the shift to suburbanisation

Residential rental vacancy data published by SQM Research this week showed the national vacancy rate fell to 2.0% in August from 2.1% in July and 2.2% a year ago.