Australia’s rental market is tightening fast

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Cotality has released alarming data showing that Australia’s rental market is tightening fast.

The following chart from Cotality shows that the total number of rental listings has fallen back to a historic low across the combined capital cities, tracking at about half the level of the early pandemic peak:

Number of homes for rent

Source: Cotality

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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.