Key takeaways
Rental price growth has hit record highs, and there is now growing concern that the supply of rental homes could get even worse as higher mortgage costs hit landlords and government interference makes property investment less attractive.
The current national vacancy rate sits at just 1.1%.
One of the reasons for the lack of rental properties is because there are fewer investors buying property and the number of investors selling up has trended upwards.
According to the latest Australian Bureau of Statistics (ABS) data, there are nearly 10 million households in Australia, of which 66-67% are owner-occupiers. However,…