When will the rental crisis end?

Australia is in the midst of a rental crisis. In this midst of this prolonged period of low rental vacancy rates and increasing rent levels, Corelogic published data earlier in the month that said the National Vacancy rate had almost halved in the past twelve months - down to 1.2% from 2.1%.

Since the start of the upswing in September 2020, Australian rent values have lifted 22.2%, marking the largest rental upswing on record - based on the CoreLogic hedonic rental index back series. What does that mean? Essentially the median weekly rent valuation across Australian dwellings rose from $430 per week, to $519.

Today Sascha is joined by Thomas from Comedian V Economist to talk about what led us to this so called ‘rental crisis’ and more importantly - what’s our solution?

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