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Question: Rental Vacancy Rates

6 March 2024

The Hon. R.A. SIMMS (14:31): I seek leave to make a brief explanation before addressing a question without notice to the minister representing the Minister for Planning on the topic of rental vacancy rates.

Leave granted.

The Hon. R.A. SIMMS: Figures that were published earlier this week in Domain's February vacancy rates report showed that Adelaide continues to have a vacancy rate of just 0.3 per cent, the lowest in the country. The data shows that in 2020, at the height of the COVID-19 pandemic, Adelaide's rental vacancy rates were much higher, at 1.2 per cent. On Monday, Architecture Australia published an article that suggested that Australia has enough unoccupied homes to cater for the shortage of housing. Also on Monday, SACOSS released its budget submission calling for a vacancy tax to free up more rental properties in our state.

My question to the minister representing the Minister for Planning therefore is: will the government consider a vacancy tax to free up more supply for rentals here in our state and if not, why not?

The Hon. C.M. SCRIVEN (Minister for Primary Industries and Regional Development, Minister for Forest Industries) (14:32): I thank the honourable member for his question. I will refer it to the Minister for Planning in the other place and bring back a response.