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In recent years, the cost of Australian rentals has become a prominent political issue; dubbed the 'rental crisis'. Demand remains high while supply is low. [ 4 ] Some have advocated supply-side reforms to address the crisis, such as reforms to construction approvals, [ 6 ] others for price controls, [ 7 ] and others for demand-side reforms ...
In 2022 the Australian residential rental market saw an annual increase in rents of 12%, the strongest increase in 14 years. Across Australia the vacancy rate was 1%, when a rate below 2% is considered very competitive with affordability constraints impacting tenants. [26] A number of sources have described the situation as a ‘rental crisis’.
Australian house prices rose strongly relative to incomes and rents during the late 1990s and early 2000s; however, from 2003 to 2012 the price to income ratio and price to rent ratio both remained fairly steady, with house prices tracking income and rent growth during that decade.
Cities across the country are imposing strict limits on the types of homes that are allowed to be offered for short-term rentals, but critics say the rules won't actually make housing any more ...
The rental crisis was already worrying before the pandemic: Roughly 7.6 million Americans faced eviction each year from 2007 to 2016, according to a recent report from The Eviction Lab and U.S ...
In Tarzana, a landlord is asking $17,500 a month to rent a 3,000-square-foot home with a pool and a view of the Santa Monica Mountains, a 9.4% increase from the price at which it was offered in ...
Brad DeLong, a former advisor to President Clinton and economist at the University of California, Berkeley and Tyler Cowen of George Mason University have both argued that the Gramm-Leach-Bliley Act softened the impact of the crisis by allowing for mergers and acquisitions of collapsing banks as the crisis unfolded in late 2008. [3] "Alice M ...
On the morning of 28 March, Emergency Services were called to a submerged vehicle in Toowoomba where a man and several dogs had drowned due to the flooding. [ 37 ] On 29 March, heavy rainfall caused flood levels to peak at 3.6 metres (12 ft) in Dalby , swamping homes and businesses, with many residents considering to resettle elsewhere after ...