top view photo of houses

Let’s Talk About The Rental Crisis In Australia

5 mins 6 mths

Renters don’t matter in Australia if the current situation is anything to go by. The available rental stock nationally has fallen to 1.1%. This is the lowest figure on record in the history of the nation. So, let’s talk about the rental crisis in Australia. Rents in the capital cities have been going up 12% year on year on average. Of course, for some their rent has gone up way beyond that in the 20% to 30% stratosphere. At the same time in Australia wages have not gone up anywhere near this. Indeed, for most wages have not risen at all. This means that poorer Australians are going backwards economically at a serious rate of knots.

Economics Fresh Politics