Pete Wargent Daily Blog

ausbiz TV
I joined Andrew G on ausbiz TV to discuss the RBA interest rate decision, and the impacts for the housing market.
Tune in here (or click on the image below):

Winter rental trends
SQM Research released its latest vacancy rates data for the month of May.
It's worth noting that May, June, and July are the quietest months for some parts of the rental market, with many more rental vacancies especially in the tourism and working holidaymaker hotspots (such as Bondi or the Gold Coast). 

2-Sense podcast
Here is what we discussed:

Record arrivals into Oz
The ABS released the latest arrivals and departures figures for the month of April 2026.
There were more permanent and long-term arrivals than for the same month last year, and fewer departures.
As such, net permanent and long-term arrivals are now back at around all-time highs over the year to April 2026.

Rents up again in May
May is generally a quieter time of year for the rental market, and the national residential vacancy rate ticked up to 1.2 per cent last month, according to SQM Research.
Obviously this still equates to, historically speaking, a tight rental market.