Australian renters were met with some relief from the competitive market after vacancy rates eased in December, with experts saying it was a positive sign conditions could stabilise this year.
The national rate for rental vacancies rose by 0.05 per cent to 1.12 per cent in December, according to the latest report by PropTrack.
In the same time, Sydney led the major cities with the highest increase of 0.09 per cent to a 1.37 per cent vacancy rate.
Out of all capital cities, Darwin led the country with the highest vacancy rate of 2.65 per cent last month.
It was followed by Sydney with 1.37 per cent, Melbourne of 1.18 per cent and Hobart with 1.02 per cent.
Adelaide had the scarcest supply of rentals with a 0.69 per cent vacancy rate, followed by Perth with 0.73 per cent and Brisbane with 0.90 per cent.