The rental crisis is growing, with the cost of renting a capital city house soaring about 15 per cent over the past 12 months, with the cost of renting a unit jumping about 13 per cent.
In April, there were just under 13,000 dwellings for rent in Sydney, compared to more than 23,000 a year earlier. Financial markets are expecting the Reserve Bank of Australia to follow its 0.5 percentage point rise in the cash rate earlier this month with another increase next month, with several more forecast by economists beyond that.
The dearth of regional rentals is being driven not only by a lack of supply, but by increasing demand, particularly for detached houses, due to the work-from-home trend and people seeking a better lifestyle, says Arjun Paliwal, head of research at buyers’ agency InvestorKit.
SMH credibility is in the bin. You wrote what you did with bitterness & with an intention to hurt and harm Rebel. You wanted revenge, you used your keyboard with words as weapons to strike & play yourself as the victim. This apology is only so you'll stop being held accountable.
oooof y’all running out of money idk how you’re going to keep this poor intern paid 💀
Tax empty dwellings , get rid of negative gearing, capital gains ; legislate rental protections !
Diversion from your own crisis? Subscriptions diving 15% in the last 12 hours.
Low vacancy rate or a sh$t ton of empty dwellings owned by foreign investors?