Australia's rental crisis spiralling out of control
States with almost no rental stock, asking prices going through the roof, governments floundering, and no relief in sight - the rental crisis in Australia has taken a turn for the worse and is seemingly set to create more homelessness and pain.
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Australia’s rental crisis is moving into dangerous new territory, with entire states lacking any suburbs with decent rental prospects, rent costs on a record run of increases and supply of new rental properties drying up.
For every private vacant property in the country there are 534 people.
A survey of the Australian rental market has revealed that there are now only 49,000 vacant private rental properties in Australia to cater for a populatio…
