Thursday, 23 November 2023

Domain Chart Pack shows rental crisis afoot

Rental shortage accentuated

A few graphs from Dr. Nicola Powell at Domain in the latest Insight chart packs.

House prices have essentially recovered from the pandemic downturn in the big cities.


Ditto for unit prices...


Days on market are currently relatively low, especially in the capital cities.


The rental market is surging with unit rents up another +3.4 per cent in the September quarter (house rents are following a similar trajectory).


Rental vacancies continue to decline, hitting record lows at just 0.8 per cent, both in regional Australia and in the capitals.

No end in sight for the rental crisis, by the looks of it. 

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