SBS News – Australia
·australia
·4 hours ago
Australia's rental market crisis worsens as vacancy rates hit record lows
Australia's rental market faces a crisis as record-low vacancy rates have driven renters to their affordability limits. The national vacancy rate fell to 0.7 percent, while median weekly rents rose 4.6 percent to $680. Experts emphasize the need for increased housing supply to alleviate the pressure on renters amidst ongoing discussions about potential tax reforms.
Summary by Glance · SBS News – Australia
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