A New Report Looks Into How Many Aussie Rentals Are Going For Below $400 The Stats Are Dire

If you’ve felt like you can’t find a single place to live in your budget when you doom scroll realestate.com.au, you’re not alone. A new rental report has dropped some alarming stats on what we already knew in the deepest pits of our stomachs: the amount of affordable rental properties available across Australia has basically halved. The ongoing rental crisis across Australia is in full swing, with the latest PropTrack Market Insight Report revealing that only 17.6 per cent of properties listed on realestate.com.au are going $400 or less as of February 2023. In March 2020, just as the COVID pandemic began, 42.5 per cent of properties were listed for under $400 a week — more than double what’s currently on offer. These numbers are expected to get worse since online learning has been banned for Chinese international students