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AAP

Business

Poppy Johnston

Rentals under $400 disappearing as prices surge

Cameron Kusher Eliza Owen CoreLogic PropTrack

New data shows affordable rental accommodation is vanishing from the capitals at a faster rate. (Lukas Coch/AAP PHOTOS) (AAP)

Cheap rentals are rapidly disappearing from Australia's major capital cities as demand shifts back to urban centres.

Low-cost rentals disappeared from regional areas more quickly during the COVID-19 pandemic, but new PropTrack data shows inexpensive rental accommodation is now vanishing from the capitals at a faster rate.

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