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The Guardian - AU
The Guardian - AU
National
Cait Kelly

Australian rental vacancy rate falls to record low, data shows

Australia PropTrack
For rent sign
The national median weekly advertised rent at the end of the September 2023 quarter was $550 a week. Photograph: Diego Fedele/AAP

Tenants are continuing to struggle with rising rents and limited supply, with new data showing the total number of rental listings has fallen to a record low.

PropTrack data shows the number of new rental listings declined 5.7% in the year to September, with the fewest new listings in September for more than a decade. The total number of rental listings fell 7.1% on the year before to hit a record low.

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