How Australia handles airbnb, Stayz in a housing crisis

As more Australians find it more difficult to get housing and the costs of goods and services skyrocket, local and state governments have turned their significant legislative weaponry on short-stay accommodation providers. Some municipalities have increased rates for properties listed on platforms such as airbnb and Stayz, while state governments have capped the number of … Read more

Rental vacancies in Sydney plunge to 16-year low as rents continue to rise

Renters in Sydney have been hit by the double whammy of a massive fall in vacancy rates and skyrocketing rents, with the worst of the housing crisis approaching. Skyrocketing rents and tight selections – the two traits tenants face as vacancy rates hit their 16-year low. Investors selling rental properties, the return of immigration and … Read more

Tenants prefer affordability over lifestyle

New data shows a huge shift in preferences away from the coast to Sydney’s mid- and suburbs. This is why renters are making the switch. Lifestyle has given way to affordability as Sydney renters move out of the beachfront suburbs in favor of cheaper rent. Data from Realestate.com.au shows a huge shift in demand away … Read more

Sydney rental crisis brings hundreds to inspections

Renters in Sydney are facing double-digit price hikes and huge crowds at open inspections as supply shortage hits hard, prompting some to make desperate offers. Hundreds of open house tenants, 12 months prepaid rent and double-digit price hikes – these are the conditions Sydney tenants face as a housing crisis erupts. The demand for rental … Read more

$210 a week Fitzroy rent in Melbourne destroyed by potential tenants

For $210 a week, you could live in a room without a toilet. And while the house leaves a lot to be desired, the rental agent claims the deal “won’t last long.” A rent of $210 a week in the popular Melbourne suburb of Fitzroy has been mobbed by online gamblers for its deplorable set-up … Read more

Housing shortage at ‘critical point’ if Wheatbelt lags behind

Western Australia is caught in a ‘spiral’ of housing, with rising rents and a lack of supply leaving locals out in the cold. Most important points: Anglicare WA research has found that 58 percent of rental properties in the Wheatbelt are “affordable” for lower-income families There is not one “affordable” housing for people on JobSeeker … Read more

‘Crisis’ for tenants as Sydney rents explode, but worst is yet to come: SQM Research

Sydney rents have surged by a staggering margin this year and the supply of available rental housing has halved, with new analysis revealing why the crisis will get worse. Sydney rental prices have “exploded” over the past year and more increases are set to come in what could be another city rental crisis, a report … Read more

Rental crisis: National vacancy rates at the lowest point on record

Australia is on the verge of a “rental crisis” with the national vacancy rate continuing to drop, spelling bad news for prospective tenants. Australia is on the verge of a “rental crisis” with the national vacancy rate continuing to fall and now sitting at a tiny 1.1 per cent — the lowest in several years. … Read more