Australia's rental prices expected to rise further, adding to homelessness problem

REAL ESTATE STOCK

Signage for a real estate property is seen in Carlton North, Melbourne, Wednesday, July 18, 2018. (AAP Image/James Ross) NO ARCHIVING Source: AAP / JAMES ROSS/AAPIMAGE

Hundreds of thousands of Australian renters are facing homelessness as falling vacancy rates place upward pressure on asking prices. While the tightening rental situation can be tracked back to a pandemic-driven desire for more space; immigration, building trends and ongoing rate rises are set to make an already bad situation far worse.


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