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The Guardian - AU

National

Cait Kelly

FORGOTTEN HISTORY: Australian rental vacancy rate falls to record low data shows - Caught on Camera

Australia PropTrack

For rent sign — The national median weekly advertised rent at the end of the September 2023 quarter was $550 a week. Photograph: Diego Fedele/AAP

Tenants are continuing to struggle with rising rents and limited supply, with new data showing the total number of rental listings has fallen to a record low.

PropTrack data shows the number of new rental listings declined 5.7% in the year to September, with the fewest new listings in September for more than a decade. The total number of rental listings fell 7.1% on the year before to hit a record low.

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