Australia’s rental market may seem manageable at first glance, but SBS uncovers a tougher reality: skyrocketing rents and dwindling choices are forcing countless tenants into financial strain and housing insecurity
Browsing: property prices
Bloomberg Australia dives into the critical crossroads of the housing crisis and surging immigration, highlighting how a wave of newcomers is intensifying the already pressing affordability issues. Experts caution that without strategic interventions, property prices could keep climbing, putting immense pressure on countless residents.
Australia’s median home value has surged by approximately $230,000 over the past five years, highlighting a significant shift in the housing market. This rise raises concerns over affordability and accessibility for potential buyers amidst ongoing economic challenges.