SBS News – Australia
·australia
·3 hours ago
Australia's rental market reaches tipping point as vacancy rates drop to 0.7
Australia's rental market is facing a significant shift as affordability ceilings are reached, according to Domain's latest report. Rental vacancy rates have dropped to 0.7 percent nationally, yet rents remain high with no quarterly growth reported in major cities like Sydney and Canberra. Experts warn that this trend signals a potential tipping point for renters across capital cities.
Summary by Glance · SBS News – Australia
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