After a weekend of foraging, thousands of people around the country are waiting nervously tonight to find out if they've been approved for a rental property. Most will be disappointed, in what has been described as the tightest rental market since World War II. Today there's yet more evidence of the depth of the crisis, with more to come, after analysts BIS Shrapnel predicted apartment rents in Sydney will rise by more than 40 per cent over the next five years. The squeeze appears to be spreading beyond the inner cities to the outer suburbs, with stories emerging of the staggering lengths to which people are prepared to go to secure a lease. Ben Knight reports. BEN KNIGHT: It's Saturday morning, and the race is on. Each week, the queues of people looking through rental properties are growing longer.
Read More...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment