Renting and buying are both getting harder at the same time – and that tension is shaping decisions across the market.
 
Australia’s national vacancy rate is just 1.2%, according to SQM Research, while the national median property price has climbed to a record $912,000, according to Cotality. Prices are up 9.4% over the past year and 46.1% over five years.
 
That combination is creating pressure.

If you’re renting

Low vacancy means competition stays strong and rent rises remain a risk at renewal time. When rents keep edging higher, the rent-versus-buy calculation can shift quickly – especially if you’re already close to servicing a mortgage.
 

If you’re buying

Record prices don’t mean opportunities disappear, but they do mean preparation matters more. A clear budget, realistic expectations and pre-approval can help you move confidently when the right property appears.
 
It’s also worth remembering that long-term growth is built over years, not months. Timing the market perfectly is far less important than choosing a loan structure that remains manageable.
 
Rising rents and rising prices make clarity more important. I can help you compare renting versus buying based on your numbers, not headlines, and map out a realistic next step. Book a free consultation now.