Flat wages and soaring house prices will force more Australians into a lifetime of renting, the former chairman of the Productivity Commission has warned.
One in four Australians now live in a privately rented home, and since the mid-1990s, the number of renters has increased by about 20 per cent.
Peter Harris, who was Productivity Commission chairman from 2012 to 2018, believes the number of Australians who rent will continue rising while incomes remain flat.
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Source: ABC News
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