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Renting

This Month

Real Estate Institute of Australia president Leanne Pilkington.

‘Populist’ property tax changes won’t boost rental stock: experts

Higher charges for offshore buyers and a cut in application fees for build-to-rent projects aren’t the main measures Australia’s troubled rental market needs.

  • Michael Bleby
The four-bedroom townhouse at 1/11 Austin Street in south-eastern Melbourne’s Hughesdale sold at auction for $1.485 million.

House sells for $235,000 more than expected after tenants removed

Agents say it is better to market an empty house, but owners don’t want to give up rental income – and renters don’t want to leave, either.

  • Michael Bleby

Record migration fuels Britain’s rental crisis

The boss of real estate portal Zoopla has blamed record migration for further increasing sky-high UK rents, up 8.4 per cent in the year to October.

  • Eir Nolsoe

November

Stepping out: CBA is about to roll out a new rental payments platform.

CBA takes on Macquarie in $49b rental payments market

Falling home ownership is boosting the demand for rental properties – and that’s creating opportunity for services to support the rental sector.

  • Michael Bleby
Mirvac’s CEO Funds Management Scott Mosley

Why property investors will soon compete with Mirvac

Australia’s chronic housing shortage is prompting changes not only in the way people live, but in the way they invest in residential real estate. 

  • Updated
  • Michael Bleby
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Out of reach for new buyers: Housing markets in the US, like many other countries, are proving unaffordable for many younger buyers.

Higher interest rates are shattering housing dreams around the world

Markets are caught between sharply higher borrowing costs – likely here to stay – and a shortage of homes that’s keeping prices elevated.

  • Ari Altstedter, Ainsley Thomson and Prashant Gopal
Eleanor Parker 26yrs at her rental home in Kingsford. Eleanor is moving due to rent increases. Kingsford, NSW. November 17, 2023. Photo: Kate Geraghty

Here’s why rents are likely to stay high

Renting is increasingly unaffordable, not just for those on low incomes but for middle-income earners as well. And there’s no relief expected for at least a year.

  • Campbell Kwan

Low vacancy rate, strong rental growth add fuel to inflation

The national vacancy rate has fallen to 1 per cent. An undersupply in housing, coupled with a surge in migration has pushed rents higher in most markets.

  • Nick Lenaghan

What’s ahead for the housing market, in eight charts

Can house prices keep on rising or will higher mortgage costs finally kill off the recovery?

  • Nila Sweeney and Les Hewitt

Two factors making Australia’s housing crisis worse

While booming post-pandemic migration is outstripping new dwellings by a record level, Australia was starting from behind even before the borders reopened.

  • Ronald Mizen

October

Spending is being propped up net migration that is estimated to have hit 500,000 people in the 12 months to September 30.

Migration surge adds to inflation pressure for RBA

The arrival of half a million migrants is adding to inflation pressure and will influence the next rates decision, an ex-Reserve Bank of Australia economist says.

  • John Kehoe
Growth in international student visa applications has begun to slow for the first time in over a year.

Overseas student boom shows signs of slowing

There are very early indications that the seemingly unstoppable growth in international students might be tapering off.

  • Julie Hare

Where to find the cheapest properties to rent near the CBDs

These are the suburbs where tenants can still rent a house for under $500 a week and units for less than $400.

  • Nila Sweeney
Mirvac CEO Campbell Hanan.

Mirvac in $1b play to house downsizing Boomers

Mirvac will spend $300 million to acquire a near-half stake in the Serenitas portfolio of 27 land lease communities – affordable accommodation for downsizing baby boomers.

  • Michael Bleby
afr

Suburbs with the highest granny flat potential

More than 655,000 granny flats could be built across the country straight away to help alleviate the housing shortage.

  • Nila Sweeney
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Mixed tenure: Artist’s render of Local’s under-construction 477-unit build-to-rent project at 350 Macaulay Road in inner north-western Melbourne’s Kensington., which will include 22 affordable homes, 11 social homes and eight two-person specialist disability accommodation units.

Local boosts social, affordable housing, backed by Macquarie

While governments are trying to boost the country’s stock of social and affordable homes, some developers are already doing it – and taking a first-mover advantage.

  • Michael Bleby
Airbnb head of public policy Michael Crosby says the levy’s impact would be greatest on lower-price rental properties and markets.

Airbnb says Victoria’s 7.5pc levy could push visitors away

The short-stay platform is seeking to influence other states and territories, which are considering measures to ease the rental crisis.

  • Michael Bleby
More borrowers are facing mortgage stress.

Big squeeze no bar to another RBA rate rise

The Reserve Bank could still lift rates even after finding rapidly rising mortgage repayments had starved some borrowers of the ability to pay expenses such as health insurance and school fees.

  • Updated
  • Jonathan Shapiro and Michael Read
Vacancy rates plunged back to record lows in most capital cities.

Rents soar to new highs as vacancy rate slumps to record

The residential rental vacancy rate plunged back to a new low of just 0.8 per cent nationwide over the September quarter, new data from Domain shows.

  • Nila Sweeney
Brian Chesky, co-founder and chief executive officer of Airbnb

Airbnb boss plots long-term rentals despite housing crisis

The booking platform is to launch the ‘biggest update’ next month as it plans to expand beyond travel.

  • Oliver Barnes