Australia’s renters face ‘staggering’ increases – with more to come
National rental vacancy rate sits below 2%, as demand growth and ‘rapid slowdown’ of construction contribute to housing crisis
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Australia’s renters face ‘staggering’ increases – with more to come

### Response: National rental vacancy rate sits below 2%, as demand growth and ‘rapid slowdown’ of construction contribute to housing crisis