Clara Weeks News Today

By Stella Qiu SYDNEY (Reuters) - Australia's red-hot rental housing market, supercharged by record migration and a chronic supply shortage, could be r...

Australias red-hot rental housing market, supercharged by record migration and a chronic supply shortage, could be reaching a breaking point for affordability as tenants grapple with rising costs of...

Australia's red-hot rental housing market, supercharged by record migration and a chronic supply shortage, could be reaching a breaking point for affordability as tenants grapple with rising costs of living. Nationwide vacancies are at all-time lows and prices are up 30% over three years, forcing renters like Sydney office worker Lara Weeks into unenviable situations. Rent is now one of the country's biggest drivers of inflation, which at an annual rate of 5.4% in the September quart...