The despair caused by Australia’s housing crisis was evident this week as politicians traded barbs about a new construction fund in Canberra while the situation of 2.9 million renters continues to worsen.
Amid near record-low vacancy rates nationwide, rents have soared again in March, with prices up in Sydney (2.2 per cent), Brisbane (1.8 per cent) and Melbourne (1.9 per cent), according to figures published by analysis firm My Housing Market on Saturday morning.
