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Australia's affordable rentals halve over 12 months

Houses for sale and lease advertised in the window of a real estate agent

Houses for sale and lease advertised in the window of a real estate agent Source: AAP

The number of affordable rentals listed on the property market nationwide has almost halved in the space of 12 months.


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By Tys Occhiuzzi, Peggy Giakoumelos

Presented by Junko Hirabayashi

Source: SBS




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The number of affordable rentals listed on the property market nationwide has almost halved in the space of 12 months.


A report by property data firm PropTrack shows the number of properties listed at $400 per week or lower has dropped.

In Hobart, 12 per cent of rental listings are for less than that figure, there are fewer than 9 per cent in Darwin, and in the A-C-T, that's fewer than two per cent.

In regional areas, the availability of properties listed at less than $400 per week has dropped from nearly 38 per cent to 26 per cent.

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