It’s become even harder to find a rental property, with new data from Domain revealing the national vacancy rate hit a record low 1% in March.

Vacancies fell in five of the capital cities during the month, while they increased slightly in Hobart and held steady in Perth.

Domain’s analysis shows Adelaide’s vacancy rate of 0.2% is the lowest vacancy rate ever to be recorded across any capital city since it began keeping records.

Canberra, Darwin and Perth have all time low vacancy rates of 0.5%. Sydney’s vacancy rate is 1.4%, Melbourne is 1.8%, Brisbane is 0.7% and Hobart is 0.3%, while most regional markets have vacancies below 1%.

Domain says Australia is well and truly in a rental crisis which looks unlikely to ease anytime soon.

It is being made worse by the reopening of international borders in recent months and natural disasters.

The reopening of borders is expected to increase demand for rental properties in Sydney and Melbourne in particular.