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Vacancy rates

Discussion in 'General Property Chat' started by newbie1234, 20th Jul, 2016.

  1. newbie1234

    newbie1234 Active Member

    Joined:
    9th Jul, 2016
    Posts:
    40
    Location:
    Sydney
    Hi,

    Was wondering what the best resource was to find reliable vacancy rates. I've been looking at 2 sites - Sqm research and investar and they have completely different vacancy rates for the same suburb.

    Greatly appreciate the help, thanks
     
  2. markson

    markson Well-Known Member

    Joined:
    14th Feb, 2016
    Posts:
    310
    Location:
    NSW
    I agree the stats seem way off on SQM. I don't know where they get their figures from.

    I prefer to track my own by going to realestate.com.au search the suburb for rentals, choose house and turn off surrounding suburbs. Most people looking to rent will be checking realestate.com.au anyway so thats your real world stats.

    You can then record this every week and make your own stats.

    Sometimes they will list a townhouse or units as a house which will throw your figures off but not as bad as SQM I find.
     
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  3. Cactus

    Cactus Well-Known Member

    Joined:
    18th Jan, 2016
    Posts:
    986
    Location:
    Melbourne
    I use API magazine.

    @Daisycutter4 where do these stats come from?
     
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  4. newbie1234

    newbie1234 Active Member

    Joined:
    9th Jul, 2016
    Posts:
    40
    Location:
    Sydney
    Thank you for your help
     
  5. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    262
    Location:
    Sydney, NSW
    Local agents have the most accurate vacancy rates. Ljhooker in particular maintain fairly reliable vacancy rates.
     
  6. Daisycutter4

    Daisycutter4 Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    125
    Location:
    Brisbane
    Vacancy Rates stats in our mag come from SQM.
    We did a story a while back on how each of the data houses use different parametres and methods to produce stats and that's why they vary.
    The upshot seemed to be to track the trends, not the individual numbers, across most data – whether it's median prices, vacancy rates, 5-year averages.
     
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