The Australian residential property market is the section of the Australian property market that provides rental properties by landlords to tenants. In Australia 31% of households rent their residences.[1] The vast majority rent from private landlords, and a small minority rent from public housing authorities. Over the last three decades the proportion of Australians in public housing has halved, whilst the amount renting privately has grown.[1][2] The average weekly price for a rental in Australia is $570 AUD.[3] Sydney has the most expensive capital city rents.[4] Rental rates have increased faster than inflation in recent years.[3][5]
In recent years, the cost of Australian rentals has become a prominent political issue; dubbed the 'rental crisis'. Demand remains high while supply is low.[4] Some have advocated supply-side reforms to address the crisis, such as reforms to construction approvals,[6] others for price controls,[7] and others for demand-side reforms like immigration restrictions. The actions of Australia's major parties on the issue have been widely criticised as inadequate,[8] though praised by some.[9]
^ ab"Housing Occupancy and Costs". Australian Bureau of Statistics. 25 May 2022. Retrieved 19 September 2022.
^Cite error: The named reference :0 was invoked but never defined (see the help page).
^ abCite error: The named reference :1 was invoked but never defined (see the help page).
^ abAinsworth, Kate; Pupazzoni, Rachel (6 July 2023). "National rental prices rise by 2.5 per cent as market battles high migration-led demand and housing supply shortages". ABC News. Australian Broadcasting Corporation. Retrieved 6 July 2023.
^Cite error: The named reference :2 was invoked but never defined (see the help page).
^"Sydney's rich are locking out the rest of us". Australian Financial Review. 2023-03-09. Retrieved 2023-05-08.
^Rose, Tamsin (2023-02-06). "Greens vow action as huge rent hikes see adults forced to move back in with parents". The Guardian. ISSN 0261-3077. Retrieved 2023-05-08.
^"With high prices and soaring rents, what are political parties promising to do about housing?". ABC News. 2022-05-08. Retrieved 2023-05-08.
^Quiggin, John (11 January 2022). "Labor's proposed $10 billion social housing fund isn't big as it seems, but it could work". The Conversation. Retrieved 2023-05-08.
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