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Rental roulette: Vacancy rates hit record lows

RENTAL CRISIS SYDNEY

The rental market is getting tougher Source: AAP / FLAVIO BRANCALEONE/AAPIMAGE

The rental crisis is getting worse, with the national rental vacancy rate returning to a record low, pushing rents to fresh highs. Real estate group Domain puts it down to a rise in people coming to Australia, with more choosing to stay - at a time when supply remains constrained, landlords are now selling their investment properties.


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Updated

By Penry Buckley, Kath Landers

Presented by Vase Kocev

Source: SBS



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The rental crisis is getting worse, with the national rental vacancy rate returning to a record low, pushing rents to fresh highs. Real estate group Domain puts it down to a rise in people coming to Australia, with more choosing to stay - at a time when supply remains constrained, landlords are now selling their investment properties.



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