Australian rental vacancy rate falls to record low, data shows

Limited supply and strong demand prompts national median weekly advertised rents to rise 14.6% over the year

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Tenants are continuing to struggle with rising rents and limited supply, with new data showing the total number of rental listings has fallen to a record low.

PropTrack data shows the number of new rental listings declined 5.7% in the year to September, with the fewest new listings in September for more than a decade. The total number of rental listings fell 7.1% on the year before to hit a record low.

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