Australia news live: rental vacancies at record low in most big cities and prices rising

Data shows the market is at its tightest ever with rents going up in most capitals. Follow today’s news live

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Figures from Domain show that the rental market is tighter than ever, adding $25 a week to the typical advertised rent price.

Median rents in capital cities have climbed to $680 a week for houses and $675 for units. Price growth had slowed in 2025 but has now picked up in most cities.

Vacancy rates are lower than ever and supply remains incredibly tight, but rent growth is no longer accelerating everywhere. That tells us households simply can’t stretch any further.