Soaring rents and scarce listings were described as a national crisis, with rents rising 6.7 per cent nationally in 2022 to a median of $495 a week and steeper increases in Sydney and Melbourne. Experts canvassed by the publication proposed relaxing zoning closer to city centres, halting further rate rises and building the kinds of homes people actually want. A University of Queensland academic argued shrinking household sizes since the pandemic had driven much of the extra demand.
Reported by
Padraig Collins, Daily Mail Australia, 21 Janauary 2023
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