'Nothing short of horrifying': Rental affordability in Australia the worst it's ever been, report says
'Nothing short of horrifying': Rental affordability in Australia the worst it's ever been, report says
There is not one property across Australia that is affordable to someone on youth allowance, as experts call for the federal government to build 25,000 homes a year for the next two decades to ease the crisis.
- In short: The 2024 Anglicare Australia Rental Affordability Snapshot has recorded its lowest ever amount of affordable rentals across the country.
- Its annual report, released today, shows the number of affordable rentals available for different Australian households on low incomes.
- The report has found housing availability has not recovered since the start of the COVID-19 pandemic – with average rents $200 a week higher than pre-pandemic levels.
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Let's incentivise foreign real estate ownership and multiple property owners... Nothing can go wrong here...
/s
Sorry for the rant...
More than real estate ownership: real estate speculation as an investment strategy
What proportion of properties actually have foreign owners and how many of those are vacant?
I see people point at this all the time but I never see numbers. I feel like the financialisation of housing, negative gearing, capital gains discounting, and underminding of public housing being more than enough to completely fuck shit on their own.