April 05, 2023
Why can’t you find a rental anymore?
Recently, an article about the Australian rental crisis and its underlying causes was published by ABC. Many Australians are increasingly concerned about the rental situation as there are fewer long-term rentals available and more short-term vacation rentals, particularly on websites like Airbnb. The essay claims that the extraordinary levels of immigration are the true source of the rental crisis. This year, there may be as many as 400,000 nett migrants entering Australia; most of them are predicted to land in Melbourne, Sydney, and Brisbane. Within a month, the housing shortage in these cities will worsen as a result of the surge of migrants. The essay backs up this claim with hard data and statistics.
Read More