Falling vacancy rates signal return to cities: Domain By Bianca Dabu 04 May 2021 | 1 minute read SHARE Rental vacancy rates have fallen across Australia’s capital cities, indicating that the worst of the COVID-19-induced downturn could be over for landlords, a new report has revealed. The latest figures from Domain have shown that the national vacancy rate is now below pre-pandemic levels. It’s dropped to 1.8 per cent in April 2021 – the lowest since March 2020 – following three consecutive months of steady rates. Every capital city except Melbourne saw an annual decline, with Hobart recording the lowest vacancy rate at 0.5 per cent, followed by Adelaide and Darwin with 0.6 per cent, and Canberra and PerthPerth, TASPerth, WA with 0.8 per cent