Rental affordability crisis looms as border reopens

Advertisement

The latest rental data from CoreLogic shows that rents nationally surged by 9.2% in the year to October, which was the strongest annual growth since before the Global Financial Crisis hit in February 2008:

A new report from JLL warns that demand for rental housing in Australia will exceed supply in the medium-term as state the international border is reopened and mass immigration is resumed.

Leigh Warner of JLL says there has been a lot of focus on housing affordability, but rental affordability is set to become a major issue:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.