Deep dive into Australia’s rental market

“Rents are increasing at the fastest rate ever recorded. Since last year, housing has become more affordable for buyers, but rents have continued to rise,” Ms Conisbee said.

“Perth and south east Queensland have seen the largest increases in rental levels, driven by population growth. The decline in rental listings means rental growth will continue.”

Ms Conisbee noted that while there has been a lot of commentary on the rental market, no one has come up with any good solutions.

“Some things that can be done to help increase the supply of rental properties is to incentivise investors into the market, increase foreign investment, encourage room rentals, and fast track ‘build-to-rent’,” she said.

“But what won’t result in an increase is relying on the government to supply rental housing and rent control. Right now we have too few rental properties and rent control would further reduce numbers.”