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Business

business reporter Kate Ainsworth

Australia's rental vacancy rate at lowest level since before COVID-19 pandemic

Australia Paul Ryan Pandemic Covid-19 PropTrack

It is now harder to get a rental home in a capital city than in regional Australia. (ABC News: Christopher Gillette)

The percentage of rental properties available in Australia is at its lowest level since before the start of the COVID-19 pandemic, with data showing the rental market has tightened significantly in capital cities and regional parts of the country.

Newly released data from the PropTrack Market Insight Report shows the national rental vacancy rate fell by 0.1 percentage points in February, taking it to 1.47 per cent — the lowest rate since late 2018.

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