Rental availability hits record low nationally
The prospect of finding a rental property in Australia continues to deteriorate, with the vacancy rate nationally hitting another low and three state capitals falling below 1 per cent.
Nationally, rents have jumped 32.4 per cent since March 2020, adding approximately $150/week to the median dwelling rent. (Image source: Shutterstock.com)
The Australian rental market continues to go from bad to worse.
The latest figures from PropTrack make for shocking reading for prospective and current renters, with the national vacancy rate declining 0.12 percentage points in February to 1.07 per cent.
Perth has the worst rental market in the country with a vacancy rate at a miserable 0.75 per cent, with Adelaide (0.83 per cent) and Brisbane (0.95 per cent) not far off that mark. A balanced m…
