
Rents 'explode' across the country, as house prices fall in many Melbourne, Sydney suburbs
ABCRents have soared because of a record low number of available rental properties in a "crisis" that analysts predict is set to worsen. Key points: Combined house and unit rents have gone up 11.8 per cent across capital cities in 12 months The national rental vacancy rate is 1 per cent Melbourne and Sydney have the highest percentage of suburbs with falling home purchase prices Capital city asking rents jumped 11.8 per cent in a year, after a 2.2 per cent rise in the month to April 12, according to SQM Research. Capital city house asking rents surged 14.7 per cent in a year, while unit rents rose 11.2 per cent. Interest in property mixed Nationally, monthly online property search volumes fell 8 per cent in March, and 11 per cent from March 2021, according to REA Group's PropTrack Housing Market Indicators Report April 2022. “Looking ahead, there are headwinds that will continue to slow housing prices from the surge recorded over the past year, given the benefits of lower mortgage rates have already been converted into higher prices.” Interest rate hike cools housing market Reserve Bank modelling estimates housing prices may fall 15 per cent if interest rates rise 2 percentage points.
History of this topic

List of suburbs shows where house prices are set to SOAR in Sydney and Melbourne when Commonwealth Bank, Westpac prediction occurs
Daily Mail
House prices across Australia remain steady in January and Melbourne becomes 'buyers' market'
ABC
House prices and rents expected to rise across south-east Queensland in 2025
ABC
Shock figures show where house prices are FALLING in Australia - and the reason for the decline
Daily Mail
Sydney and Melbourne house prices predicted to fall next year as Perth leads nation in value growth
ABC
Aussie teen rages over Sydney property prices
Daily Mail
Why house prices are starting to fall
ABC
House prices are still rising, but CoreLogic data shows the property market is cooling off
ABC
Asking rents ‘hit fresh records but more properties undergoing price reductions’
The Independent
Rental advertisement for Sydney unit above childcare taken down after concerns raised about tenant access
ABC
Real estate agents weigh profits against prices as property market finds yet another gear
ABC
Extraordinary rise in value of Aussie homes - here are the states with the largest jumps
Daily Mail
Property prices increased again in May. Here's what the housing market looks like where you live
ABC
CoreLogic reports record-high rents across Australia's biggest regions as WA and Queensland tops list
ABC
Latest figures show huge change to Australia's property market compared with a year ago
Daily Mail
Australia's median rent surges to record heights with regions and outer suburbs feeling the heat
ABC
House prices have risen for the 15th month in a row. Here's what property values look like across the country
ABC
Advertised rents at record highs, but some landlords now being forced to reduce asking prices, Rightmove says
The Independent
Advertised rents ‘hit fresh highs but pace of increases is slowing’
The Independent
The Aussie city where it now costs more than $1,000 a week to rent a house
Daily Mail
Rental prices in Australia have soared to a new record high but one capital city is now CHEAPER - so would you move there?
Daily Mail
Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000
Daily Mail
'I don't think it's a Ponzi scheme,' economist says, as median property values rise by $63,000
ABC
Price gap between houses and apartments widens to new record as land values surge in capital cities
ABC
Will Brisbane property prices keep surging? Here's what the experts say
ABC
Regional towns consider high-rise plans to ease housing crisis in the bush and on the coast
ABC
Property values have risen for 12 straight months. Here's how much prices have lifted or fallen in each capital city
ABC
House prices rose in January and are anticipated to keep going up if rates come down
ABC
Average asking rents ‘hit new record high with 11 inquiries typically per home’
The Independent
Brisbane overtakes Melbourne as Australia's third most expensive city to buy property for the first time in 15 years
ABC
Rivervale tenant hit with $250-a-week rent rise, as Perth house rents jump for ninth straight quarter
ABC
Rental prices rose in most Australian capital cities last year, but Canberra rents stayed flat
ABC
Depressing statistic that will have young Sydneysiders wanting to move to Melbourne
Daily Mail
Property values bounced back across Australia in 2023, but there are signs of slowing
ABC
Housing Boom and Bust Report tips property price to fall in 2024 as interest rates weigh
ABC
Property values are tipped to reach a new high. Here's how much prices have risen in each capital city
ABC
Rents ‘could rise four times as fast as house prices across the years ahead’
The Independent
The charts that show how Australia’s rental market got so broken
ABC
Rental vacancy rates falling nationally and tipped to remain at 'extremely low levels'
ABC
Capital city housing values are still rising but at a slower pace. Here's how things are looking where you are
ABC
High rental growth likely to ease from 2024 as RBA reaches end of interest rate hikes
ABC
National rental prices rise by 2.5 per cent as market battles high migration-led demand and housing supply shortages
ABC
Premium properties lead real estate revival, but is a double-dip housing downturn looming?
ABC
Councils called to push landlords to make vacant or holiday homes available for renters
ABC
Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal
Daily Mail
Rents are at a record high across Australia, according to a new report
ABC
Rental hikes limited to once a year to head off housing crisis, Queensland Premier announces
ABC
Australia's rental vacancy rate at lowest level since before COVID-19 pandemic
ABC
The cost-of-living crisis has roots in property but whether you rent or pay a mortgage, there's a dark tunnel ahead
ABC
Higher interest rates aren't just affecting home owners — fewer cheap rentals are available
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