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Generation stuck: How rising rents and property values are pushing Australians into share homes, granny flats and house-sitting

Summary by Ground News
The rental shortage is actually getting worse, not better, data from property analytics company CoreLogic shows. The number of rentals available is now at a record low, with just 1.1 per cent of available properties sitting vacant in September. Median weekly rent has gone up by 30.4 per cent in just three years, with people paying $137 more a week on average now than in July 2020.

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How rising rents and property values are pushing Australians into share houses, granny flats and house-sitting

New data released by CoreLogic shows the rental crisis is getting worse. With fewer affordable rentals on the market, more people are turning to granny flats, share houses and house-sitting to put a roof over their heads.

·Australia
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ABC Australia broke the news in Australia on Wednesday, October 4, 2023.
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