Australia's rental housing problem will soon worsen due to high migration and rising rental prices

Today - 06 March, SBS Sinhala Radio current Affair Feature on Australia's rental housing problem will soon worsen due to high migration and rising rental prices

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

HIGHLIGHTS

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