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Rental crisis as national vacancy rates hit 16-year low

As Australia begins to work through its recovery from the pandemic, it does so facing a national rental crisis.

A female hand is holding a magnifying glass over a money bag with the word Rent, up arrow and a house.
There's no reprieve in sight for the nation's renters.

As Australia begins to work through its recovery from the pandemic, it does so facing a national rental crisis.

Throughout the country, most capital cities are confronting a rental market saddled with acute affordability, vacancy and supply challenges.

Rents rose nationally by 11.9 per cent over the last two years of the pandemic, while gross yields fell to record lows, according to the latest data released by CoreLogic.

However, while the sta…