Business News

Rent freezes and rent caps will only worsen, not solve Australia's rental crisis

Written by Ameeta Jain, Senior Lecturer in Finance, Deakin University

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Average housing rents across Australia have increased by about 10% per year to February 2023 for new rentals, and just a bit lower than that for existing rentals.

Combined with rapidly increasing interest rates and wage rises not keeping pace with inflation, this is placing huge strain on the average household purse, prompting calls for...

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