Why housing crisis will be an ongoing issue for Australians?
Traditionally, renters priced out of some areas have moved into city's suburbs or even regional areas. However, locals are increasingly complaining about being priced out of their homes by investors and owner-occupiers who can afford to pay more. Credit: Wikimedia Commons
Rising rental prices in Australia appear to be causing a massive housing crisis for existing as well as potential tenants. People most affected by rising residential prices by property owners are those who have recently arrived in the country and have no prior Australian rental history. With skyrocketing interest rates, landlords have become more assertive while assessing rental applications. Property experts and tenants share how this could be a persisting concern in the future as well.
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