The strong demand for rentals has pushed the number of days a property is available for lease to a record low of 20 days. Picture: NCA NewsWire / Jeremy Piper
“The growth and tightness in the rental market appears to be shifting from regional areas back to the capital cities. This is being driven by the return of many people who migrated regionally during the pandemic back to capital cities and the lift in overseas migration.
However, strength in rental growth has shifted away from regional areas back to capital cities over the past year.Melbourne experienced the biggest year-on-year decline in total listings. Picture: NCA NewsWire / Luis Ascui
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If only we could pay people less in wages?