Whichever party won the federal election needed to tackle the shortage of rental homes, PIPA said, citing SQM Research figures putting the national vacancy rate at 1.2 per cent in February 2022, its lowest level in 16 years. Chair Nicola McDougall linked the deficit to lending curbs imposed from 2017 that kept investors out of the market, while asking rents across the capital cities climbed 9.4 per cent in the 12 months to March.
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