One in five rental applications now from friend and family groups pooling
Friend and family groups now make up one in five rental applications in Brisbane. People are pooling resources to afford rising rents.
Friend and family groups are now making up one in five rental applications in Brisbane, a real estate agent reported. People are pooling resources to get a lease.
Rising rents have forced this shift. One Perth renter's weekly cost jumped from $315 to $760 over seven years.
National rental vacancy is just 1 percent. This creates severe shortages outside Sydney and Melbourne.
Government tax policy changes in May reduced landlord investment incentives. This further shrank supply.
Property economists warn that renters have been overlooked in housing policy. About 25 percent of Australians are renters.
Unions and advocates are pushing for rental caps and multi-year lease agreements.
- 1 percent
- Rental vacancy rate nationally
- $315 to $760 per week
- Grady Toomath's rent increase
- One in five
- Group applications in Brisbane
- About 25 percent
- Australian renters
Why it mattersShows how tight housing markets are forcing Australians into group living arrangements. It signals a deepening rental crisis.
AustraliaHighlights growing rental affordability crisis across Australian capitals and renters' shift toward creative survival strategies.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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