Tightening rentals market
Private new home sales increased moderately in March.
The Housing Industry Association (HIA) also notes the rapidly tightening rentals market, with vacancies at "close to zero".
Sydney and Melbourne have been the two markets when rental vacancies haven't been so tight, but it seems that is now changing quite quickly too.
Adelaide - and increasingly Brisbane - have very tight rental markets.
Source: SQM Research
As you can see in SQM's graphic above, the number of properties for rent in Brisbane has fallen by 40 per cent since January 9.
Tim Lawless from CoreLogic notes, meanwhile, that short-term fixed rates are have now moved comfortably higher than variable mortgage rates.
Source: CoreLogic
