Rental market “extremely tight”, no sign of easing

November 30, 2025

Last week, Cotality released its housing affordability report for the September quarter of 2025, which revealed that rental affordability has hit its lowest level on record.

The percentage of income required to meet advertised rents on the median home hit a record high of 33.4% in the September quarter, up from 26.2% five years earlier.

This decline in affordability followed a 43.8% rise in advertised rents at the national level over the past five years, adding $10,600 annually to the cost of renting the median home.