we know wages are painfully stagnantoderately unaffordable, unaffordable, severely unaffordable or, in one northern LGA, Seaforth, e national rental vacancy rate has droppedNicola PowellPEDESTRIAN.TV back in July that finding a rental in a capital city was “like finding a needle in a haystack”, and things have only gotten worse since then. Leo Patterson Rosstold the ABC
“We’re really going back to times like the Great Depression to find comparable points in Australian history of when it was so tough to be a renter in Australia,” he said.
“We’re seeing prices set [according to] people’s desperation for a home. That means people are overpaying and that price is being leveraged. That’s not a sound way to run any market, but it’s particularly bad to put it into an essential service market.”
first federal budgetpublic and social homes@pedestriantv Labor said in its Federal Budget one million new homes built over five uears would help fix Australia’s housing crisis… it won’t. #auspol #aussie #housingmarket #budget #ptv ♬ original sound – PEDESTRIAN.TV
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