Rising rents, falling vacancy rates keep breaking records
Vacancy rates nationally are below the landmark 1 per cent figure, while rents continue to break records in every state capital city.
With rents rising and vacancy rates falling, it's a tight squeeze for renters around the country. (Image source: Shutterstock.com)
Renters wishing to escape the seemingly never-ending run of bad news about unaffordable rents might want to move to Melbourne or Adelaide for a small degree of relief.
Melbourne remains Australia’s most affordable capital to rent a house in ($518 per week), while Adelaide is the most affordable city to rent a unit at $423 per week.
That suggestion comes with the caveat that actually finding an available rental will not be easy. Adelaide’s vacan…
