You may be tired of hearing about it, but the latest data on residential vacancy rates shows that they are continuing to fall.

And why wouldn’t they, given that the nation’s gaggle of politicians collectively haven’t got a clue about how to deal with this situation.

The latest data from SQM Research shows that the national vacancy rate dropped from 1.2% in August to 1.1% in September.

Comparing the situation with a year ago, Sydney’s vacancy rate has dropped from 1.5% to 1.3% and Melbourne is down from 1.8% to 1.2%.

In the latest month, vacancies dropped to lower levels, or stayed the same, in six of the eight capital cities.