New research has revealed where property rents are set to soar by up to $5200 around Australia in the coming year.
The rental crisis shows no sign of easing, with vacancy rates dropping to their lowest point nationally since April 2006.
Capital city rental prices rose 11 per cent in the 12 months to March, while regional areas are facing 13.1 per cent year-on-year growth.
Data published by buyer's agency InvestorKit took in 300 regions across Australia to find out where rents are likely to surge by $2600 to $5200 in the next 12 to 24 months.
That's up to a $100 a week increase.
The 20 areas around the country facing that highest-level rental growth include Brisbane, Adelaide, Perth, Hobart, Canberra, Devonport, Burnie-Ulverstone, Nerang, Bundaberg, Maryborough, Buderim, Toowoomba, Queanbeyan, Lake Macquarie – East, Kiama-Shellharbour, Wagga Wagga, Barossa, Yorke Peninsula, Warrnambool, and Shepparton.
"A rental crisis is often defined by vacancy rates at one per cent or lower, so it's concerning to see this continuing to worsen," InvestorKit founder and head of research Arjun Paliwal said.
"We're currently at 0.7 per cent – 41 per cent lower than 12 months ago when we were at 1.2 per cent.
"Most of the 20 regions chosen in our report have vacancy rates lower than the national average, and the majority are even lower than 0.3 per cent."
Paliwal said there were multiple factors contributing to the increasing demand for a limited supply of properties.
More people were seeking stand-alone homes due to the trend towards working from home, while higher housing prices were forcing more people to stay as renters for longer.
Paliwal also pointed to more Generation Y Australians moving out of family homes, growing regional populations, and a drop in property investor activity.
The full report can be seen here.