Australia’s rental crisis goes from bad to worse

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Domain’s rental vacancy data for March showed that Australia’s rental market is the tightest on record, with a nationally vacancy rate of only 1.0% and six of the nation’s capital cities reporting vacancy rates under 1%:

Australian rental vacancy rates

Tightest rental market on record.

Moreover, Domain’s chief of research and economics, Nicola Powell, believes the rental market will tighten even further as mass immigration is rebooted:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.