12/02/2024
🏦The Big Squeeze: Skyrocketing Rents Reshape Australian Living
There appears to be no relief in sight for Australia’s many renters, who have watched the median smash past $600 early on in 2024.
While the rate of rental price increase may be slowing, it’ll be cold comfort for the nearly one-third of all Australian households struggling with rental payments and the cost of living generally.
The median rent across the nation is now at a record-high of $601 a week, which has risen by over 8 per cent in the last year, nearly twice the rate of inflation.
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