Victoria's highest vacancy rates: 10 suburbs topping the list

An area's vacancy rate is an important detail, helping you shape your initial picture of the area.

Changes and trends in the vacancy rate and how it compares to other areas will help you consider whether that suburb is the best decision for you. If you're unsure about how to use this figure, start with our quick explainer about what a vacancy rate is and what it measures. High vacancy rates can be caused by a number of things, like a surge in stock.

Property Observer looked to SQM Research's statistics to see where, across Victoria, the vacancy rates are highest. To see vacancy rates for a specific suburb, you can see SQM Research's free data online.

Here are ten to know from the list.

1. Southbank
   8.3%
   
   
2. St Leonards
   6.4%
   
   
3. Docklands
   5.5%
   
   
4. Melbourne (city)
   5.1%
   
   
5. Travancore
   5.0%
   
   
6. St Kilda
   3.9%
   
   
7. Parkville
   3.7%
   
   
8. South Yarra
   3.6%
   
   
9. Elwood
   3.1%
   
   
10. Connewarre
    2.9%

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Note: Some of these numbers have been amended from initial publishing due to data updates