Inflation has increased at twice the rate of rent rates across Australia over the past decade, forcing property investors to leave the sector.

Changes to the Home Equity Access Scheme will increase its appeal to retirees and provide more flexibility in using capital tied up in residential property.

The first decline in residential property values in nearly two years is predicted to be start of a long-term downward trend driven by rising interest rates and inflation.

Vacancy rates for residential properties increased slightly in April, but have dropped significantly over the past 12 months.

The First Home Super Saver Scheme may have more appeal for some given the reduction in minimum deposits on home purchases included in the budget.

Residential property listings across Australia declined steeply toward the end of the year but prices remained stable.