‘Incredible struggle’: Supply of rental homes halves in two years

The number of homes available to rent in Australia’s capital cities tightened by a further 5.4 per cent last month to hit a new historic national low – it’s an astonishing 54 per cent slump since May 2020.

Vacancy rates around the country now sit uniformly at crisis levels, the latest Domain Rental Vacancy Rate Report shows, ranging from a critical 0.3 per cent in Adelaide to 0.4 per cent in Hobart, 0.6 per cent in Brisbane and the still-perilous 1.4 per cent in Sydney and 1.6 per cent in Melbourne.

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