Renters’ confidence at an all-time low

Instead, one in three people predict that occupancy levels will tighten in the future, presumably pushing up rents even further.

The findings come from real estate company, Allrealestate’s, first quarter consumer confidence survey show.

“Many people who would once have been able to save enough to buy a property are now locked into the rental market. This is where the high house prices link to rising rents and a sense of supply shortage,” Allrealestate general manager Shaun Di Gregorio says

The survey also found: