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The Guardian - AU

National

Cait Kelly

Affordable rental properties in Australian capital cities at ‘record low’

Eleanor Creagh PropTrack

Australia for lease — The proportion of rental properties available for under $400 per week is at its lowest level on record for all Australian capital cities except Hobart and Darwin. Photograph: Jessica Hromas/The Guardian

The number of properties listed for under $400 per week has halved in the last year, new data from PropTrack shows.

The report, which analysed data from listings on realestate.com, found the rental crisis had worsened in the past 12 months. In 2022, it said, 30.2% of all rental listings were under $400 a week. That number has now dropped to 16.2%.

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