The federal government’s mass immigration policy continues to wreak havoc on Australian renters.
After net overseas migration hit a record 549,000 in 2023, advertised rents have soared by nearly 40% nationally:
The surge in rents is directly correlated with the hyper-growth in population:
As a result, PropTrack’s rental affordability index has collapsed to a record low:
The proportion of income used to service rent has also hit an all-time high:
The impact has been especially brutal on lower-income households who are being thrust into deep financial stress, homelessness, or insecure housing arrangements.
A report by 9News encapsulates the pain, with “makeshift campsites and tent cities expanding across south-east Queensland as the state’s housing crisis escalates”.
“A tent city in Rothwell, in the heart of Premier Steven Miles’ electorate of Murrumba, is sprawling”.
What sort of nation runs a gigantic immigration program without the means of housing the additional residents?
The Albanese government is responsible for throwing thousands of Australians onto the streets.
