The September 2022 Locked Out of the Market report shows another decline in the availability of all properties available in the private rental market and those affordable through HAP. The report comes in the context of a private rental market affected by a documented ongoing contraction in supply, increase in rental prices, and an overall lack of affordability.
The September 2022 Locked Out of the Market report found 392 properties available to rent at any price within the 16 areas over the three dates surveyed. There were no properties available within a standard HAP rate and 35 were available within discretionary HAP rates. This the lowest number of properties and HAP properties ever recorded by the Locked Out of the Market series.