End of income support shaking up rental markets
As income support programs and rent moratoriums wind up, renters are left floundering while property owners continue to enjoy higher asset valuations.
A divergence in rental market segments is expected to continue after JobKeeper expired. Photo: Shutterstock (Image source: Shutterstock.com)
A swathe of changes have hit the rental landscape in Australia in the past week, causing confusion and upheaval as jobs are lost, rents fluctuate and tenancy laws change.
Coinciding with the end of JobKeeper last Sunday was the end of the COVID-induced supplement to JobSeeker benefits.
Yet, as more than 2.6 million Australian lurch below the poverty line, property markets continue to surge ahead, oblivious to the serious rental stress befalling…
