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

A 'for lease' sign is seen outside a real estate property is seen in Carlton North, Melbourne.

Rising rent prices in Australia has exacerbated the problem of homelessness. Source: AAP / JAMES ROSS/AAPIMAGE

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Hundreds of thousands of Australian renters are facing homelessness as falling vacancy rates place upward pressure on asking prices. Immigration, building trends and ongoing rate rises are set to make an already bad situation far worse.

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