Residential vacancy rates in Perth are the highest of any capital city in Australia despite a drop in October, according to data released by SQM Research.

The latest residential property data released by SQM Research has shown vacancy rates dropped across the country in August.

The latest statistics published by investment research house SQM Research showed vacancy rates for residential properties around the country remained steady at 2.2 per cent in September.

The latest SQM Research analysis of the residential property market showed a fall in listings in July by 5.1 per cent and by 9 per cent in year-on-year terms across all capital cities.

SMSFs are not a suitable vehicle to facilitate the First Home Super Savers Scheme due to the nature of the structures and the flow-on effects that may result from the strategy, a specialist superannuation lawyer has said.

The oversupply of residential properties in Australia’s capital cities is unlikely to have as significant an impact on the market as first expected, according to a specialist fund manager.