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A study by Compass Housing – a non-government, not-for-profit social housing group – claims that Byron Bay is New South Wales’ most expensive rental market, even worse that Sydney’s, whereas the availability of rental properties has also evaporated. From The New Daily:
It found the average rent in Byron Bay was $590 per week – 48 per cent of the average household income for renters of $1218…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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