We know there is a rental crisis around Australia at present, and there doesn’t seem to be any easy answers to resolve it. In a national survey by Rent.com.au, over half (55%) of Australian renters express a sense of neglect from the 2023-24 Federal budget, indicating that their concerns have not been adequately addressed. Additionally,…
Do you have pets? Well, you might want to take note of these suburbs that have the highest “no pet policy” ratings, as revealed by a new study. According to this recent study by Suburbtrends, certain suburbs in Australia are particularly challenging for renters with pets to secure rental properties. The study examined rental listings…
The rental markets throughout the country are already highly competitive due to a shortage of available rental properties. This has led to historically low vacancy rates and skyrocketing rents. This situation is especially pronounced in metropolitan areas, particularly in the apartment market, where strong demand drives up the pressure. Add to that the latest data…
The state of Australia’s rental market is concerning, with no signs of relief in sight. Advertised rents have surged while vacancies have hit historic lows, all due to a scarcity of rental properties. Over the past year, the demand has shifted from regional areas to the capital cities, particularly the unit market, as overseas migration…
In its Rent Report for the March quarter, Domain has emphasized that the rental market in Australia still heavily favours landlords, as tenants face challenging conditions due to increasing demand and limited supply in 2023. Dr Nicola Powell, Domain’s Chief of Research and Economics said: “Across the combined capitals, we’re now seeing the longest stretch…
Flash flooding and storms have ravaged Australia’s east coast over the past 12 months, and the Bureau of Meteorology (BoM) predicts we can expect the extreme wet weather to continue during the coming months as La Niña returns for what will be the third summer in a row. It’s worrying news for property owners. Because…
The rental markets across the country continue to be tight, with a high demand for rentals that surpasses the available supply. Consequently, there is an upward trend in weekly rents, and vacancy rates are declining. The pandemic has exacerbated this situation, with vacancy rates plummeting by 50%, highlighting the severity of the conditions in most…
Over the past few years, Australians have been experiencing extreme rental stress as rents continue to skyrocket, especially in major cities like Sydney and Melbourne, placing immense pressure on low to middle-income earners. Single-parent families, low-wage workers, and older Australians on fixed incomes are particularly vulnerable to this issue. As the cost of living rises,…
The rental market has undergone significant changes in recent years, and with a new year comes the question of what’s ahead for renters in 2023. Well, the latest data released by the Australian Bureau of Statistics showed overseas and student arrivals continue to rebound, pointing to ongoing increasing rental demand in the capital cities. Ms…
The COVID-19 pandemic changed the way we work, the way we live, how we interact with others, and also how we feel about our furry friends. One-third of pet owners added a new pet to their family in the last two years (33%), a decision which was mostly driven by extended lockdowns and dealing with…
