Australia's housing pipeline is broken

The brief

Australia's housing pipeline is broken. Advertised capital city rents in Australia have grown by 6.0% in the year to June, with the vacancy rate tracking near historical lows. This has led to a significant increase in capital city advertised rents, up 42% over the past period. The situation in the rental market is deteriorating, with renters facing rising costs and limited options. The data comes from Cotality, a leading provider of housing market insights. The trend is concerning for renters and policymakers alike.