Adelaide’s vacancy rate tightened to 1.3% in August despite reports of a quieter rental market, the Real Estate Institute of South Australia says. 

Anecdotal evidence from property managers suggests the falling vacancy rate can be attributed to a smaller number of properties coming onto the market.

No section of the market had a vacancy as high as 2%. The central City market had a vacancy of only 0.44%, while the highest vacancy was in the eastern suburbs (1.7%).