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

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.

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

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