Latest data reveals the rental crisis in Brisbane is getting worse.

According to a new national report by PropTrack, total listings nosedived 22.7 per cent in the quarter.

At the same time, demand surged by almost 26 per cent.

Economist Cameron Kusher says Brisbane’s market is tighter than Sydney and Melbourne:

“Properties are leasing in 16 days, which is among the fastest of all capital cities,” he said.

“I think the big challenge in Brisbane that we are also seeing in places like Melbourne and Sydney is that supply has reduced dramatically over the last  12 months.”

Nationally, the report found rental stock was at its lowest level in nearly 20 years.

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