Investment in public and affordable housing must continue and the federal government should take the lead on bolstering renters' rights, a parliamentary committee says.
The rental crisis is driving a growing number of Australians into homelessness, particularly people from marginalised communities, a parliamentary inquiry has heard.
Canberra remains Australia’s most expensive capital city in which to rent a house at a median cost of $690 per week, ahead of Sydney on $660, according to the Domain Rent Report March 2023 Quarter released today.
Renting in Canberra remains a daunting and difficult endeavour, with rents for both houses and units rising to new highs last quarter and remaining the most expensive in the country.
Homeownership and tenancies across Australia continue to face a lack of supply and rising interest rates, causing housing affordability to worsen in the 2022 June quarter, shows the latest REIA Housing Affordability Report.
Canberra renters could experience a slight reprieve from the scorching hot rental market with almost a 30 per cent increase in supply recorded in the latest PropTrack Rental Report for June 2022.
Australia's housing system is not just broken but in meltdown, and all levels of government must take urgent action to fix the crisis, Anglicare Australia says.
