Tenants endured the biggest-ever rent increases last year, with national rents jumping by 10.2 per cent.
Nicola Powell, Domain's chief of research and economics, said asking rents were at historic highs across all cities, apart from Darwin and units in Perth.
A seasonal uplift in new listings is expected early this year, which will ease some of the pressure on rents.People on low incomes, who are increasingly renters, are spending more of their incomes on housing.lowest fifth of households increased by about 26 per cent between 2003-04 and 2019-20 In contrast, the real incomes for the highest fifth of households increased by 47 per cent, and their after-housing incomes by almost as much: 43 per cent..The main force behind the decline is the rate hikes in the back half of 2022.
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