Australia’s rental vacancy falls to record low as Sydney and Melbourne feel squeeze

Advocates push for limit on rent rises as PropTrack report finds vacancy rate slipped to 1.02% in October

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The national rental vacancy rate has hit a new record low, with new data showing rental conditions worsening in Sydney and Melbourne.

Australia's vacancy rate hit a new low in October, falling 0.06 percentage points to 1.02% over the month, according to the latest PropTrack Market Insight Report.

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