Australians Return to Capital Cities After Lockdowns, Driving Rental Competition

Australians Return to Capital Cities After Lockdowns, Driving Rental Competition
A new development is advertised for lease in Melbourne, Australia, on Sept. 4, 2018. William West/AFP via Getty Images
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Australians and overseas visitors are returning to the cities after lockdowns, with a new report showing enquiries for rental listings up 31 percent in capital cities and down 30 percent in regional areas.

However, people looking to rent are in for a challenging market, facing strong demand and low supply across the country.