Tag: rental

Australia is facing its tightest-ever rental market, and renters are feeling the pinch caused by rising rents coinciding with the sharp increase in living costs. But what can be done to help, and are landlords really to blame?

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As rental vacancies in our capitals stay at historic lows, the number of people looking to share has exploded as PropTrack economist Anne Flaherty explains.

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The rental crisis continues to worsen, with unit rents now higher than pre-pandemic levels and at their all-time highest levels in Sydney and Melbourne. PropTrack Senior Economist Angus Moore dives into the data.

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The cost of renting has been rapidly increasing, pushing many tenants towards home ownership. The trend of high rental costs, combined with low interest rates, has made home buying a more appealing option for many. As a result, the number of first-time home buyers has increased and is expected to continue to rise.

The shift from renting to owning a home is also being driven by the desire for stability and long-term security, as well as the ability to build equity and create wealth. However, it’s important for potential home buyers to consider their financial capabilities, take advantage of government incentives, and research the market before making a purchase.

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Australians looking to rent a home at the moment will find few properties and lots of competition. So what can be done to relieve some of the pressure?

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Rents are going up and available options are scarce, but why are there so few suitable options for Aussie renters? What is the social cost of the rental squeeze?

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