According to data from the real estate website Realestate, with the unblocking of Victoria, demand for rental housing rose the fastest, up 40.3% from last week. Followed by the ACT area, where rental demand increased by 39.2% and ranked second. Western Australia (5.6%) and the Northern Territory (14.1%) had the smallest increases.
Rental demand hit a record high in May this year, and has since dropped 21.7% from its peak. Among them, House dropped by 24% and Unit dropped by 19.6%.
Although the demand for rental housing is far below the highest level in history, it is still 22.2% higher than the same period last year.
https://www.realestate.com.au/insights/november-11-rea-insights-weekly-rental-demand-report-2020/