Rental Affordability Crisis Deepens in Australian Capital Cities

Rental affordability in Australian capital cities is worsening, with a steep decline in the availability of rental homes costing less than $400 per week. Surging rents and a limited supply of available rentals have exacerbated the situation.

Economists attribute the rising demand to increased migration, which has significantly driven up rental prices. This trend is severely impacting low-income households and poses potential challenges for the Reserve Bank’s interest rate decisions.


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Article Title: Catch 22 means ‘pretty much no rental properties are affordable’ in Australia
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