Core Insights - The rental market in Australia is expected to see continued rent increases in at least 20 regions over the next 12 months, despite a slowdown in rent growth compared to previous years [1][3] - The current rental supply is still one-third lower than pre-pandemic levels, indicating a long road to recovery for the rental market [1][5] - Structural issues such as insufficient private rental supply, lack of diversity in rental options, and ongoing shortages in public housing are contributing to the chronic rental crisis [5][7] Rental Market Trends - The median rent across Australia is AUD 649 per week, with Sydney having the highest median at AUD 854 per week and Hobart the lowest at AUD 543 per week [7] - The vacancy rate in Australia was reported at 1.2% in May, slightly down from 1.3% in April, indicating a tight rental market [5][7] - Areas predicted to experience the fastest rent growth include Unley in Adelaide, Mundaring in Perth, and several suburbs in Greater Brisbane [8] Future Projections - InvestorKit's CEO, Arjun Paliwal, suggests that despite interest rate cuts, housing supply will remain below demand, leading to sustained upward pressure on rents into 2025 and beyond [3][5] - A balanced supply-demand ratio in the rental market may not be achieved until population growth slows and the completion of new housing significantly increases [7]