Australia's affordable rentals halve over 12 months

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

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

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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