Record annual growth in capital city rents sees fewer living alone

New data shows rents in Australia’s capitals have reached record highs, and the Tenants’ Union of NSW is warning people are being pushed into homelessness. 10 News First – Disclaimer

Australia’s capital cities recorded the strongest annual growth in rents since 2007, with rising international migration tightening the already-strained supply.

CoreLogic data shows the mismatch between supply and demand drove an 11.7 per cent increase in the combined capitals annual rental market over the past year, largely underpinned by increasing demand for capital city units.