Locked Out of the Market Executive Summary, September 2025

The September 2025 Locked Out of the Market report found 833 properties available to rent at any price within the 16 areas over the three dates surveyed. This is 15% reduction from the 978 properties available in the June 2025 report, and 26% reduction from the 1,119 properties available in September 2024.  

The report found 24 properties available to rent within HAP limits. This is a 25% decrease (-8 properties) from the number of properties available in the June 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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