Soaring rental prices squeeze budgets and force households to juggle multiple jobs to stay afloat

The supply of rental homes and units in Australia is considered to be at a critical level, with the median rental price reaching $580 per week in December, according to PropTrack.

Rental property Source: SBS

Key Points

• Many renters, such as Claudia Tabalina from Leppington in Sydney, feel the financial burden of rising rents and the cost of living in the country. She and her husband are both working double jobs to cope with the increasing rental fees.
• Data from the Australian Bureau of Statistics, the approvals for building houses in the past financial year were lower compared to 2022.
• PropTrack report indicates that living in Sydney remains the most expensive, with a median rent of $700.

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Ilang pamilya napipilitang kumuha ng dalawa o higit pang trabaho para makahabol sa mataas na bayarin sa renta

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