Active rental bonds in Victoria dropped to 649,978 in December 2024, down from 674,462 twelve months earlier, a reduction of more than 24,000 tenancies and 3.6 per cent of statewide rental stock. Cotality’s Tim Lawless said rents rose only 2.5 per cent statewide in the year to April, suggesting demand had eased alongside supply. PIPA director Cate Bakos attributed the sell-off mainly to compliance burdens, interest rates and land tax, and expected investors to return.
Reported by
Geraden Cann, ABC News, 13t
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