The proportion of dwellings listed for under $400 a week has more than halved to an average of just 15% across the country
rental properties listed
for under $400 a week has more than halved to 15% across most Australian capital cities over the past year, accounting for just 7.8% of Sydney listings in February. Research from data provider PropTrack, based on analysis of realestate.com.au found renters seeking a standalone house faced an even tighter market, with less than 5% ofAcross all dwellings since February 2022, the proportion of rentals listed below $400 a week fell from 43.5% to 20% in Melbourne; from 28.3% to 13% in Brisbane; and from 6% to 1.9% in the ACT.
The PropTrack research also revealed big challenges for renters in regional areas where just a quarter of properties were listed for under $400 a week last month – down from 39% at the same time last year.
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