In the past 12 months, rents surged at a record-breaking pace of 14.6% for houses and by 17.6% for units, as vacancies plummeted to a record low. The sharp rise in house prices during the pandemic has also priced out many aspiring homeowners and forced them to rent for longer. This article in The Australian Financial Review investigates the current supply shortage of rental accommodation in Australia, and features an interview with AHURI's Dr Michael Fotheringham.