Property analysis company Domain has suggested national rental prices have plateaued.
Its latest report says the market has “entered a new phase” after recording the longest “period of stability” in a decade.
Rents are still at record levels across most of the country, however, and advocates have warned millions of Australians are struggling to afford rent.
Affordability
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A new report from social advocacy group Anglicare Australia has found essential workers are being priced out of the rental market nationwide.
Its Rental Affordability Snapshot, released this week, analysed more than 50,000 rental listings against 16 jobs.
The report found rental affordability has “gone backwards” across much of the country,” with nurses, tradies, and hospitality workers now “locked out of most rentals.”
Less than 2% of available listings were affordable for an aged care worker, a nurse, or an early childhood educator.
Executive Director Kasy Chambers said: “The housing crisis is now hurting the people who hold our communities together. If they cannot afford to live where they work, then schools, hospitals, and aged care homes will struggle to keep running”.
