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Friday, May 24, 2024

Latest news: Rental crisis

More investment needed in affordable housing: rental inquiry

Investment in public and affordable housing must continue and the federal government should take the lead on bolstering renters' rights, a parliamentary committee says.

Rental crisis supercharges discrimination, fuels homelessness

The rental crisis is driving a growing number of Australians into homelessness, particularly people from marginalised communities, a parliamentary inquiry has heard.

ACT Government’s Budget aims to tackle rental crisis

Next week’s ACT Budget will include $345 million to fund build-to-rent properties; grow, renew, and repair public housing; and release land.

Canberra still Australia’s most expensive city to rent a house

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.

Canberran renters still pay the most expensive rent in the country

The median rental price in Canberra remains the most expensive in Australia, although prices slightly dropped during the December quarter.

ACT to lose 93 affordable rentals in 2023

Latest figures from the Federal Government show the ACT will lose 93 NRAS properties this year, plunging the Territory deeper into rental stress.

Rental affordability in ACT improves marginally in September quarter

Rental affordability in the ACT has improved by 0.4 per cent over the September quarter, although has worsened overall throughout 2022.

Low-income ACT renters struggle needing 117% of income to pay rent

The latest Rental Affordability Index shows a snapshot of renting in Australia, and the ACT’s results are an “indictment”, according to ACT Shelter.

Canberra’s rental market will ‘get worse before it gets better’

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.

Rental assistance falls well behind prices

The federal housing minister has ruled out lifting Commonwealth rent assistance to help tenants cover soaring rents.

Battlers fare worst in Australia’s rental home crunch

Tenants moving house face steep rental hikes but the overall market is rising at a more moderate rate.

REIA: Housing, rental affordability continue to worsen

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.

Slight easing in ACT rental market

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.

Anglicare Australia calls for rental reform to address housing crisis

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.