Locked Out of the Market Executive Summary, December 2025

The December 2025 Locked Out of the Market report found 929 properties available to rent at any price within the 16 areas over the three dates surveyed. This is 12% increase from the 833 properties available in the September 2025 report. However, it is a 25% reduction from the 1,233 properties available in December 2024.  

The report found 31 properties available to rent within HAP limits. This is a 29% increase (+7 properties) from the number of properties available in the September 2025 report. Just 3% of all properties available to rent at the time of data collection were available within HAP limits.

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