Little respite for those trapped on endless rental merry-go-round
Rents have finally stabilised but at record levels that are draining the financial resources of those locked into a seemingly endless battle to save enough for their own home.
Soaring rents have trapped many families into the rental cycle, with a home deposit increasingly out of reach. (Image source: Shutterstock.com)
When Jane was forced to move house with her two high school-age children for the third time in four years, the costs would wipe out the small savings accrued since the previous relocation.
Despite an annual income of around $120,000, being the sole income earner meant that Perth’s 7.7 per cent annual rent rise made each move more difficult than the last.
“It’s a struggle just to meet the cost of living but moving house incurs so many other expe…
