Rental crisis in Australia, can it get worse?

Signage for a real estate property is seen in Carlton North, Melbourne, Wednesday, July 18, 2018. (AAP Image/James Ross). Source: AAP / JAMES ROSS/AAPIMAGE

Hundreds of thousands of Australian renters are facing homelessness as falling vacancy rates place upward pressure on asking prices.

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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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