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What a horrible time to be a young Australian.
The majority of young Australians who rent are experiencing record tight conditions, with rents rising by double rates throughout the major capital cities:
Immigration is running at an all-time high, which means that the rental market will tighten even more and wage growth will slow as a flood of migrants compete for jobs with younger Australians.
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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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