14/08/2026
Rental Market Update đź“ť
Australia’s rental market remains exceptionally tight, with low vacancy rates and continued rental growth putting pressure on tenants across the country.
While parts of the property sales market have begun to recalibrate, the rental market is experiencing very different conditions. National rents have continued to rise over the past year, with limited available stock keeping competition between tenants high.
“From what we’re seeing on the ground, demand for quality rental properties remains strong,” said George Roumanous, General Manager at Agents & Co.
“The fundamental issue is supply. We simply don’t have enough rental properties available to meet the level of demand, and that is continuing to put upward pressure on rents.”
For landlords and investors, the tight rental market provides strong tenant demand and can support rental returns. However, Roumanous cautions that investors should look beyond headline rental growth when assessing a property.
“For landlords, achieving the right balance is important. It’s not just about maximising rent; retaining good tenants, maintaining the property and ensuring the investment remains sustainable are all critical.”
Roumanous believes the rental market is likely to remain tight until housing supply improves significantly.
“National figures are useful, but lately, we have been asserting that property is ultimately local. Conditions can vary considerably from one suburb to another, which is why owners and renters need to understand what is happening in their specific market.”
George Roumanous, General Manager
Agents & Co
