Australia is facing its steepest rental price increase since 2004, causing difficulties for students across the country to secure accommodation.
A 2022 Finder survey reveals 13% of Australians, or roughly 2.6 million people, have moved back in with their families, due to financial difficulties.
Reports state that because of limited properties on the market, landlords are able to ask for exceedingly high prices, and tenants are compelled to pay.
The Wire’s Kailah Rushton spoke to, spokesperson for the Australian housing and urban research institute, Dr Michael Fotheringham, to find out more…
Image: Courtesy of PexelBay | Pexels
Produced By: Kailah Rushton
Featured In Story: Dr Michael Fotheringham, spokesperson for AHURI
First aired on The Wire, Monday 27 February