‘Hunger games’: Melbourne rental prices rocket to record highs

Melbourne rental prices have rocketed to record highs, jumping as much as 20 per cent in a year and fueling fears about a jump in homelessness and housing stress for low-income households.

Brendan Coates, Economic Policy Program Director at the Grattan Institute, told 3AW Breakfast it had to a “hunger games” scenario between competing tenants.

“People are trying to compete for really scarce housing,” he said.

He said there was one clear solution to fixing the issue.

Press PLAY below to hear him explain