Australia’s Rental Crisis Worsens in the March Quarter

Australia’s Rental Crisis Worsens in the March Quarter
A lease sign is displayed outside a home in Edmondson Park in Sydney, Australia, on April 28, 2016. Brendon Thorne/Getty Images
Alfred Bui
Updated:

Australia’s rental crisis has worsened in the first quarter of 2023 with rising prices and falling vacancies, adding more pressure on renters across the country.

In its latest quarterly rental review, real estate data provider CoreLogic pointed out that national rental prices rose by 2.5 percent in the March quarter, up from two percent in the previous three months.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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