Rental crisis only going from bad to worse
Renters are facing an even worse fate throughout 2023, with housing costs skyrocketing, vacancy rates dire and supply of properties drying up by the week.
People living in rental housing are among the groups most vulnerable to housing stress. (Image source: Shutterstock.com)
The prospect of the rental crisis abating anytime soon appear forlorn, with rental prices continuing to soar while vacancy rates remain at historic lows around the country.
In Sydney residential vacancies have just hit a nine-year low, rents are again rising in Melbourne, Perth is at a 40-year low for rental property availability
, and Queensland’s dire rental market has stirred up calls for the size and frequency or rent rises to be restricted b…
