As the nation’s housing crisis continues to unfold, it’s worth reflecting on the fact that there are actually two separate issues, with two very different timelines.
continues to unfold, it’s worth reflecting on the fact that there are actually two separate issues, with two very different timelines.
As the nation closed out the 2010s, the national combined asking rent on an aggregate measure of all dwellings was $410 per week . Between the end of December 2019 and April 2024, asking dwelling rents rose by 51.2 per cent. If we extrapolate the rate of rental price growth seen in the data in the years prior to the pandemic on to the present, since the start of the pandemic a bit over four years ago we have seen the equivalent of 20.2 years’ worth of rental price growth .
New South Wales Rental Market Sqm Inc. Ongoing Rental Crisis Landlord Plan Asking Rents Wages Growth City Centre Asking Dwelling Rents Melbourne Oceania Percentage Points Percentage Point Drop Surprise Region Construction Sectors Resources Rental Vacancy Rate Rental Price Asking Dwelling Median Earning Household Inner North Rental Price Growth Australia And New Zealand Rental Vacancy Rates Victoria Rental Price Statistics Rental Market Region Inner South Rental Crisis Asking Rents Rise Vacancy Rates Fall Rental Markets National Rental Vacancy Vacancy Rates Australia Rental Accommodation Sydney Vacancy Rate Lowest Vacancy Rates Rental Availability
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