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Australian rental vacancy rate falls to record low, data shows

Australian rental vacancy rate falls to record low, data shows

Limited supply and strong demand prompts national median weekly advertised rents to rise 14.6% over the yearGet our morning and afternoon news emails, free app or daily news podcastTenants are continuing to struggle with rising rents and limited supply, with new data showing the total number of rental listings has fallen to a record low.PropTrack data shows the number of new rental listings declined 5.7% in the year to September, with the fewest new listings in September for more than a decade. The total number of rental listings fell 7.1% on the year before to hit a record low.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

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