This episode of MB Fund Empower looks at the rental crisis Australia is currently experiencing. Maybe you’ve experienced it first hand, or maybe you know someone who has.
But rents are up 10.1% nationally in the last 12 months, according to CoreLogic.
Underlying that is up to 50% increases as existing tenants’ leases expire, bidding wars for new properties, and inspection queues sometimes winding around the block.
Where is this coming from? And what does it mean looking forward? MB Fund’s Chief Economist, Leith Van Onselen, and Chief Operating Officer, Shelley George take a look.
Empowering you to develop money and investing as tools for living your fullest life.
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Shelley George is Chief Operating Officer at the MacroBusiness Fund, which is powered by Nucleus Wealth.
The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.