Australia's rental crisis 'is about to get worse'
Australia's rental vacancy rate is just 1.3 per cent, with several capital cities below 1 per cent, and the situation is shaping up to worsen.
Behind the numbers lay a genuine human toll from the national rental crisis. (Image source: AYO Production/Shutterstock.com)
If you are a tenant Australia’s rental market is tough and it’s not about to get any easier.
If you are an investor then Australia’s extremely low vacancy rates are glimmer of good news at a time when property investment
is being discouraged through ongoing tax changes.The real estate industry benchmark for a balanced rental market is 3 per cent. If vacancies are around that level, it means there is a good supply of rental homes for tenants to…
