Vacancy rates fell to just 1.1 per cent in February according to Domain's latest monthly figures.
Domain reports queues at rental properties in Sydney.
Adding to the pressures, there is now flooding to contend with across much of south-east Queensland, and parts of New South Wales.
Supply chains from Brisbane have been interrupted - again - so we now have this unwelcome problem...again (Noosa).
And, of course, overseas terrible events have led to dramatic sanctions being imposed on Russia.
Commodity prices included oil, gas, coal, and more have lifted dramatically.
Source: Westpac
Rents, food, energy, fuel...all in all, there is plenty happening here to suggest that inflation will be higher by the end of 2022.
Property Pod
On next week's Property Pod, I discuss with Louis Christopher the recent acceleration in rents, and what the outlook for higher inflation means for property and investing.
Louis has some very strong views on this.
Not one to miss.
