Shrinking households help drive up national rents at record pace

National rents show no sign of slowing down as Australians feel the cost-of-living pinch. Image: TND

Shrinking households and a limited supply of rental properties have combined to push up rents at the fastest annual pace since 2008.

CoreLogic found people sought out larger homes during the pandemic to work from home more comfortably and to reduce their exposure to COVID-19 – a trend that led to a larger number of smaller households fighting over the same number of homes.