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The situation continues to worsen for Australian tenants.
The latest data from Cotality shows that advertised rents nationally have soared by 48% since the end of 2019, adding around $11,700 to the annual cost of renting.
Cotality’s data also shows that the number of homes listed for rent across the combined capital cities is tracking around its lowest level in recorded history, down by around one-third from ‘normal’ pre-pandemic levels:
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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.