NSW rental crisis deepens as fewer homes are leased despite soaring demand
New data shows the number of residential tenancy agreements in New South Wales is falling even as rental demand remains high, highlighting a worsening shortage of available homes.
New data suggests New South Wales' rental shortage is worsening, with fewer homes being leased despite continued strong demand from renters. (Image source: ChameleonsEye/Shutterstock.com)
There is a growing disconnect between the number of people looking for a home to rent in New South Wales and those who have found one.
New Real Estate Institute of New South Wales (REINSW) data has revealed the sheer depth of the state’s rental crisis with figures showing that, even though demand for rental properties is growing rapidly, the number of homes being rented in the state is actually falling.
The number of residential tenancy agreeme…
