Adelaide has the second-most competitive rental market with a vacancy rate of 0.92 per cent, which has dipped by 45 per cent since the start of the pandemic.
Hobart was the only capital city to see an increase in its rental vacancy rate in February, although it was marginal at just 0.06 percentage points. Mr Ryan said there has also been a noticeable surge in demand for rental properties in Sydney and Melbourne, with both capitals seeing a tighter rental market over the past year.
"Melbourne's vacancy rate has more than halved over the past 12 months, so it shows just how tough conditions have gotten."
Renters’ income increased at around the same pace as advertised rents. Evidence that the increase in housing costs has been broadly offset by strong income growth
Need more social housing to break the hold of landlords over rents. How many houses remain empty or are only available for short term rental/holiday stays
How many rental properties does Albo own?
Did you mention 400,000 people brought into Australia just in 2022? Maybe has something to do with this 🤔
Maybe more immigrants will help
Ok. No problem.
Anyone feeling French?
rents need to be controlled so they are affordable and provide reasonable return for the investor. Any large rent increases like the real estate agents encourage now should trigger large taxes on investors and real estate agents.
so what are the governments doing about it?
Investment properties are on the riiiiiise
Need to cut red tape and support the building industry and train more people
You should address the link between housing prices and bringing in 300,000 new tenants a year!
As long as profit line go up? its all good for landlords and re-estate agents Bit of a shame, business cant find staff Cause staff cant afford to rent
Where are the socialists who want to deincentivise building rental accommodation? Why aren’t they turning their homes into cheap flats?
It’s because immigration makes housing less affordable.
We need to stop bringing in foreigners who take up space that should belong to real Australians. The nationalist right can help solve this problem, but no one wants to hear us.
Thank a Labor voter because they are bringing in another at least another 300K immigrants a YEAR
Labor is pouring fuel on the housing crisis fire. Labor is incapable of governing. VoteNo auspol housingcrisis
Voted for Labor? Now enjoy the consequences
And at the same time we are selling a flood of residential property to foreign buyers. Really, what is the point of the ALP?
300,000 immigrants will add to housing/rental pressures.
Albo is bringing in 300 000 people in the next 12 months.
AustralianLabor selling out the working class with record immigration x4, x5 the average into the housingcrisis The effect on the vulnerable more widespread and devestating than robodebt A parliament of uncaring landlords. ALP no longer the party for Aus workers auspol
Sickening! The lucky country- for (multiple) property owners
No mention of 600k immigrants a year? 2.4% population growth destroys the vacancy rate...BUT IT'S NOT EVEN MENTIONED? ABC is very big cog in the elites propaganda machine.
Defund the treasonous anti Australia, anti middle class, anti worker, anti environment ABC.
Send the homeless here.
Plenty of investment properties are sitting empty. Greed is the underlying factor here!
New world order
Rental crisis.
No of course it won't. The entire government is working to ensure their rental investment returns go up. The PM just signed a deal to bring in more highly paid immigrants to push up house prices and rents. We're bringing in 300000 a year to the country with not enough homes.
They act like it's just some natural phenomenon and they can't do anything about.... no, it's all by design.
So let's spend billions on useless submarines because USA arms industry told us to That'll fix it AlboMP
Has the ABC been able to work out the cause yet? Albo SUDDENLY bringing in 400K extra people all looking for housing and demand SUDDENLY going through the roof. ALP = Homelessness
Albo has multiple investment properties! Conflict of interest when setting immigration policy?
A population crisis? Or a lack of housing crisis
Renters have no voice under Labor. Labor do not care about Aus families & pensioners being outbid for a rental. All the cheap workers & international students Albo is bringing in compete in the same rental market as Aus citizens.
How do you write this article and fail to mention that in spite of demand, the construction of new properties has fallen off a cliff and builders are going bankrupt across the nation? Some large architectural practices that have fired 30% of their staff in the last month…
Of course it won't be easing any time soon!!. Damage already done imo.
Maybe if we let in more immigrants who keep wages low, rent high and would rather complain about Australia than assimilate? Surely that will work (even if it's only made the problem worse for decades now!)