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Australian affordable housing start-up offers win-win solution for cash-strapped homeowners and desperate renters

SYDNEY, Dec. 20, 2022 /PRNewswire/ Interest rates are rising, inflation is expected to hit eight per cent by the end of the year. As household budgets are stretched to their limit, one company is offering Australian homeowners a steady source of passive income, right in their own backyard, to ease the burden and provide much-needed additional rental accommodation. Australians are feeling the squeeze and, for some, no amount of belt-tightening will be enough to save them from mortgage stress. According to an Australian National University survey one in four Australians is struggling to make ends meet on their current income, while data from SQM Research shows a sharp rise in distressed real estate listings as the continual run of interest rate hikes since May is driving many to sell their homes at a loss as they fall behind with higher loan repayments. "It's a perfect storm really, with everything happening at once; sky rocketing interest rates,a lack of affordable housing, a ....

New South Wales , Australian Capital Territory , Michael Doubinski , Australian National University , Courtney Miles , Dec 20 , 022 Prnewswire Interest Rates Are Rising , Nflation Is Expected To Hit Eight Per Cent By The End Of Year As Household Budgets Are Stretched Their Limit , Ne Company Is Offering Australian Homeownersa Steady Source Of Passive Income , Ight In Their Own Backyard , O Ease The Burden And Provide Much Needed Additional Rental Accommodation Australians Are Feeling Squeeze , For Some , O Amount Of Belt Tightening Will Be Enough To Save Them From Mortgage Stress According An Australian National University Survey One In Four Australians Is Struggling Make Ends Meet On Their Current Income , Hile Data From Sqm Research Showsa Sharp Rise In Distressed Real Estate Listings As The Continual Run Of Interest Rate Hikes Since May Is Driving Many To Sell Their Homes Ata Loss They Fall Behind With Higher Loan Repayments Quot It 39 Sa Perfect Storm Really , Ith Everything Happening At Once Sky Rocketing Interest Rates , A Lack Of Affordable Housing , N Energy Crisis Which Of Course Filters Down Into Every Single Thing Costing More To Buy , Uot Says Michael Doubinski , Erial Tech Entrepreneur And Founder Of Pennygranny Com Au , N Innovative Affordable Housing Start Up Quoti Shudder To Think How Many Australians , Ho Have Worked Hard To Achieve Home Ownership , Ill Be Forced To Sell Or Hand Their Homes Over The Banks In Six Months Time With Double Whammy Of Falling House Prices Leaving Many Years Debt Quot Launched Late 2021 , Ennygranny Com Au Hires Out Prefab Transportable Homes For Use As Granny Flats , Some Offices , Emporary Site Accommodation And More For Affordable Rates From 230 Per Week Now Doubinski Is Launchinga Revenue Sharing Arrangement Where Homeowners Landowners Can Havea Granny Flat Installed On Their Property At No Up Front Cost Share In The Rental Quot Basically , F You Havea Suitable Backyard Or Rural Block ,