RESIDENTIAL PROPERTY
RENTAL market conditions barely eased in May, with the national vacancy rate sitting at just 1.3% as the housing crisis rolled on...
PropTrack’s latest Market Insight showed an increase of just 0.08 percentage points (ppt) in the national vacancy rate over the month. It is the highest rental vacancy rate since...
“While any easing in conditions will be welcomed by renters, available properties remain very scarce with the vacancy rate at around half the levels seen before the pandemic,”...
Sydney (up 0.16 ppt to 1.46%) and the ACT (up 0.18 ppt to 1.76%) saw the largest increases in rental vacancy rates in May. Smaller gains were seen in Melbourne (to 1.34%), Brisbane...
Hobart (down 0.12 ppt to 1.24%) and Darwin (down 0.24 ppt to 1.55%) were the only capital cities to see decreases over the month...
The slight easing in conditions over the past three months has been most evident in Perth (up 0.40 ppt), Sydney (0.33 ppt) and the ACT (0.32 ppt)...
Regional markets experienced a tiny rise – 0.02 ppt – and maintained a lower vacancy rate than the capitals, at 1.26%...
Rents in 2024 have been growing at their fastest rate in 17 years amid the severe mismatch between demand and housing supply. CoreLogic data on advertised rents suggest that...
One in three Australians are skipping meals in a bid to cope with escalating housing costs, according to more than 1,500 survey submissions to a “Peoples Commission into...
Nearly three in five (58%) are in housing stress, and more than three in four (76%) of those who rent are in housing stress. The survey results also showed more than half are...
The government is readying itself for the beginning of the National Housing Accord, which will aim to boost supply across the country with 1.2 million new “well-located homes”...
Running concurrently with the Accord and competing for construction resources will be the $10 billion Housing Australia Future Fund, which aims to deliver 20,000 social homes and...