What’s fuelling Australia’s rental crisis

With record-low vacancy rates and sky-high rents, it’s a tough time to be a renter in Australia.

Victorian executive director of the Property Council, Cath Evans, says “a combination” of factors — including a growing population, inadequate housing supply, interest rate hikes and a lack of incentives for institutional investors — are to blame.

“It’s a combination of all of these things, and also not to mention a migration of a lot of rental stock onto the short-stay housing market. If we look at Melbourne and Sydney combined there’s about 30,000 single dwellings which are in the short-stay rental market,” she told Ross and Russel.

Press PLAY below to hear what’s fuelling the rental crisis + what can be done about it