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The Guardian - AU
The Guardian - AU
National
Cait Kelly

Australian properties for lease fall to record low as rents soar

Australia PropTrack Cameron Kusher Maiy Azize Everybody Home
'For lease' signs outside properties
Australia’s property rental market was ‘characterised by low supply and strong demand in 2023’, PropTrack says. Photograph: Mick Tsikas/AAP

Tenants are continuing to feel the pain of rising rents with the number of listings falling to another record low, according to the PropTrack Rental Report.

The report, released on Tuesday, found that total rental listings on realestate.com.au in December were at a record low, sitting 30.2% below the average over the past decade for the month.

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