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AAP
AAP
William Ton

Record low vacancy rates hit would-be renters hard

The proportion of vacant Australian rental properties has fallen to the lowest level on record. (Paul Miller/AAP PHOTOS)

Finding an affordable rental has become a lot harder as the national rental vacancy rate plummets to a record low.

The vacancy rate sits at just 1.02 per cent after falling slightly in October, with most major capital cities following the trend according to PropTrack's Market Insight Report.

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