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More than half of Australia’s renters are struggling financially

Australian renters have been hit with a circa 50% increase in advertised rents since the COVID-19 pandemic, according to Cotality, adding more than $12,500 to the annual cost of renting for the median Australian tenant. While the rental market is showing signs of easing, with vacancy rates rising and growth slowing, rents continue to rise The post More than half of Australia’s renters are…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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