Rental crisis to be with us for 'years and years'
A chronic rental supply shortage is not unique to Australia but the worst of the housing crisis is still ahead unless private investors get into the rental market in greater numbers and soon.
The RBA's assertion that higher incomes are offsetting soaring rents is of little solace to the high proportion of renters in financial stress. (Image source: Shutterstock.com)
Australia’s rental crisis has plummeted to a new level with national vacancy rates hitting a record low of 1.02% in October.
It comes as little surprise when Australia’s population growth
has hit new record levels, boosted by a huge increase in the immigration deemed necessary to meet the lack of skilled and unskilled labour that our economy is begging for to keep it growing.The first point of call for immigrants is a rental property and, add …
