Tenants getting slammed by higher rents but landlords not the winners
Australians renting a house in the capital cities are having to find almost $15,000 extra annually to keep a roof over their head but even that is not enough for landlords to cover their mortgage repayments.
An easing of rental market pressures that was expected to continue. (Image source: Shutterstock.com)
The pace of rental growth is slowing but in the capital cities Australians with landlords are still paying a shocking $14,700 more to rent a house since the pandemic.
Those downsizing to a unit are faring little better, with SQM Research data analysed by Everybody’s Home revealing that cohort of renters are still putting up an extra $9,600 a year more than at the beginning of 2020.
Renters in Sydney (up by $356 per week for houses, $201 for uni…
