Local Housing Squeeze Tightens Its Grip on Australians

Local Housing Squeeze Tightens Its Grip on Australians
A ‘For Rent’ and a ‘For Sale’ sign is seen in Canberra, Australia on Feb. 27, 2023. AAP Image/Lukas Coch
|Updated:

The lines of tenants queuing outside rental properties on a weekend are only expected to get longer as pressures on Australia’s rental market intensify.

Fresh data released this week pointed to a re-acceleration in rents as well as a stabilisation in home prices, a situation that St George economists have labelled a “double-whammy” for the one-third of Australian households that rent.