Reuters reveals Australia’s housing crisis, largely hidden, is getting worse

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Reuters shed light on how relentlessly rising rents, eight consecutive interest rate hikes, surging living costs and devastating natural disasters in the past few years have inflamed what was already among the world’s least affordable rental markets in Australia.  Every state capital city is experiencing a decline in rental affordability this year, according to the annual Rental Affordability Index report published by SGS Economics and Planning.

The post Reuters reveals Australia’s housing crisis, largely hidden, is getting worse appeared first on Reuters News Agency.

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