Rents spike up to 80 per cent as people are pushed from homes to units
Rental prices in major Australian cities have surged by up to 80 percent since the end of COVID-era rent freezes. The market shift is driving tenants toward smaller inner-city units as housing affordability reaches a critical point.
Why it matters
The rental crisis has become a central political issue, influencing debates on tax policy and housing accessibility for future generations.
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Share A A A Rents in parts of the nation’s capital cities have soared by 80 per cent since the end of the COVID-era freeze on rents, but there are pockets of the country where landlords are getting less from their tenants than they did five years ago.
Houses have become so unaffordable for many that people are turning their attention increasingly towards either buying or renting inner city units where they also face competition from international students, figures compiled by property data company Cotality show.
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