Darwin's rental market continues to tighten

The shift in the location preferences of many house hunters due to the COVID-19 pandemic has made Darwin a competitive rental market.

The vacancy rate in Darwin continued to decline in January, hitting 0.8% from 0.9% the previous month, according to the latest figures from SQM Research.

The difference was more apparent on an annual basis, with Darwin reporting a vacancy rate of 3.2% in January 2020.

The rents charged to Darwin were among the highest in state capitals, especially for houses. On an annual basis, weekly unit rents rose 27.5% to $ 580 while unit rents jumped 5.8% to $ 393.

Caroline Deane, attorney with Darwin's Community Legal Service, said the current competitive nature of Darwin's rental market has led tenants to struggle to find long-term housing.

"These are low income people who will have particular difficulty finding alternative property, but it is happening at all levels, at all demographics," she said in a report from ; ABC News.

Deane said the Northern Territory government needed to create a policy for tougher rental laws than those passed as part of its response to COVID-19 in April.

The legislation, Deane said, should include key policies on eviction moratoria and rent increases.

"At the moment, tenants in the Northern Territory are struggling to find another property within 60 days, so our concern is that if this period is shortened, in accordance with standard tenancy legislation, tenants won't will not be able to find other properties. and that could increase our homeless population, ”she said.

Top suburbs:

Whyalla

,

Marrickville

,

south of Brisbane

,

menai

,

Geelong West

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