Rents are continuing to rise as vacancy rates drop, with new figures showing the national rental crisis has become even more severe.

CoreLogic’s Quarterly Rental Review for the second quarter of 2022 shows compared with June 2021, dwelling rents are up 9% in capital cities and 11% in regional areas. SQM Research has higher figures, with rents up 15% in the past year.

Research analyst Kaytlin Ezzy says the national vacancy rate has fallen to a record low of 1.2% from 2.2% at this time last year. The report shows June’s rental listings are 34% below the long-term average.

Darwin is the only capital city to record rent growth below 2% while Adelaide had the highest growth during the quarter of 4.3%.

CoreLogic research director Tim Lawless believes rental markets will remain tight for some time for a number of reasons including lack of supply, a reduction in investors and growing demand as international migration resumes.