Episode Details

Australias rental market is experiencing a significant surge, with rents jumping by 2.1% in the March quarter of 2026, doubling the previous quarters increase. This brings the year-over-year rise to 5.7%, ending last years brief slowdown. Households are now spending a record 33.1% of their pre-tax income on rent, up from 26.2% during the pandemic. Renters are feeling the pinch, with moving costs soaring and weekly rents climbing over $700 in the past year. Demand is shifting to apartments, where unit rents grew faster last quarter and surged 46.9% over five years. Experts urge governments to boost supply, add safeguards, and tweak taxes to ease the pain before more households fall behind.

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