Australia's tight rental market forces tenants to make tough choices
By Stella Qiu SYDNEY (Reuters) - Australia's red-hot rental housing market, supercharged by record migration and a chronic supply shortage, could be r...
Source: 933thedrive.com
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Australia's tight rental market forces tenants to make tough choices
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...
Source: marketscreener.com
Australia's tight rental market forces tenants to make tough choices
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 quarter is well above the central banks' targeted band of 2% to 3% and could lead to further interes...
Source: yahoo.com