Renters still have it tough but glimmer of hope emerges
It has been a tough few years for those grinding their way through an extended rental crisis but vacancy rates are easing from record lows and rents are no longer soaring at the rate they had been.
There is a clear slowing in the pace of annual growth across the large inner city unit markets. (Image source: Shutterstock.com)
Rental vacancy rates are finally easing from their record lows, with the combined capitals marking their first annual increase since March 2021.
PropTrack data released Friday (12 July) showed that national rental vacancy rate rose 0.09 percentage points (ppt) to sit at 1.42 per cent in June as conditions eased in all national markets except the Northern Territory and regional Western Australia.
This marks the fourth consecutive month of increa…
