Rental market at ‘fever pitch’ as 6600 homes exit affordability scheme
- realestateprotips
- Jan 10, 2023
- 1 min read
More than 6600 homes across the country will cease to be part of a rental affordability scheme as cost-of-living pressures rise and rental vacancy rates in all states and territories remain near record lows.
Housing organisations are worried that without further action from the government, more Australians will be thrown into homelessness as the private rental market remains drum-tight and waitlists for social housing balloon.
“It is the least affordable we’ve ever seen it: the rental market is at fever pitch and the social housing shortfall is growing all the time,” said Maiy Azize, the spokeswoman for Everybody’s Home, a campaign launched by a coalition of housing, homelessness and welfare organisations.
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