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Vacancy rate, 2022 (%) Jul Aug Change in asking rents, Aug (% YoY) Sydney Sydney Melbourne Brisbane Canberra Melbourne National Adelaide Brisbane Perth Darwin National

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Vacancy rate, 2022 (%) Jul Aug Change in asking rents, Aug (% YoY) Sydney Sydney Melbourne Brisbane Canberra Melbourne National Adelaide Brisbane Perth Darwin National Hobart Canberra Perth Hobart Adelaide Darwin 0.0 0.4 0.B 12 1.6 5 10 15 20 SOURCE SOM RESEARCH Figure 1. Australia's vacancy rate and change in asking rent in August 2022. Referring to Figure 1 above, select the appropriate answer(s) to represent the national residential situation in Australia. O Unfavourable rental market regulations had discouraged landlords from residential investment. ) The rising asking rents in August 2022 indicates that Australia is experiencing rental crises. The new demand curve for rental properties shift to the right. The new supply curve of rental properties shifts to the right. O Imposing rent control is probably the best solution to curb this housing shortage crisis. The rising interest rates are partly blamed for the national residential situation

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