Thursday, January 20, 2022

Tag: Rental crisis

Australian house rentals smash new records

Australia’s rental market is heating up in a big way, with new data showing rental houses across the nation’s capital cities have witnessed a 3.4 per cent price increase over the final quarter of 2021.

According to Domain’s latest Quarterly Rent Report, this stark rise equates to a new set of record high prices in Australia.

It also means that 2021’s rental housing market witnessed an annual price growth of 7.4 per cent – the biggest yearly increase since 2009.

Queensland pensioners demanding government action on ‘unfair’ lifestyle village rent price hikes

Queensland pensioners living in lifestyle villages are demanding action from the government, following an extensive investigation into the multi-billion-dollar industry by 9News.

Residents claim park owners are unfairly jacking up their rents, while others allege big corporations are failing to honour their rental contracts.

“When you move into a village like this, you move in for retirement, you don’t move in to fight battles in QCAT or a court of law,” Paul Miller, a resident at Regal Waters in Bethania, said.

Read the original article on 9News.