Weekly rent prices soar to new record for Aussies

Rent jumped by a median of $164 to $601 a week in December 2023, from $437 per week in August 2020. (Jono Searle/AAP PHOTOS)

Homelessness groups are demanding the federal government prioritise renters, as Australians are slugged a new weekly record of $601 in rent and demands for homelessness services surge. 

Data released by CoreLogic has revealed the soaring cost of housing across the country, as renters faced a median cost of $31,252 a year to keep a roof over their heads.