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Rents are soaring across Australia, with increases now well above inflation. For many tenants, the cost-of-living crisis is crippling, especially as everyday essentials like groceries, electricity and petrol continue to climb. But here’s the good news: if you are paying ever-increasing rent, you don’t have to just cop it. There are practical steps you can… Read more »
A study has revealed just how much the number of bedrooms in a property impacts the rate of rental growth. And it’s very interesting. As the rental crisis continues, it seems tenants are shifting towards larger properties with more bedrooms, so the cost can be shared across more people. CoreLogic has produced a fascinating study… Read more »
Basically there are very few places to rent. According to SQM Research the national vacancy rate hasn’t improved at all and remains steady at just 1 per cent. As you can see from the SQM table, in March last year the vacancy rate was 1.1 per cent so over the last 12 months nothing has… Read more »
Rent increases are one of the biggest factors fuelling our inflation rate, keeping it high and forcing the RBA to keep interest rates high. According to SQM Research’s Christopher’s Housing Boom and Bust Report, that pressure on inflation from rising rents is not going away next year. SQM’s overall capital city forecast is for rents… Read more »
Last week I wrote about how landlords are being driven out of the rental market, which is exacerbating the crisis. I was interested in an analysis by the research director at Ray White, Nerida Conisbee on the rental crisis and what is causing it. Proportion of households under rental stress The Economist magazine recently undertook an… Read more »
Good news for renters – there are some early signs that the rent crisis is starting to soften. Over the last couple of weeks I’ve been writing about emerging signs that the horrendous spike in rents is turning, despite what’s currently coming through in the CPI figures. There were more signs of that this week.… Read more »
Each week we ask a question to help you focus on an area of your finances that might need a closer look. This week: How can you automate your finances? You’ll have heard it many times: automate your finances to really get ahead. But what exactly does that mean, and why does it matter so… Read more »
Rent stress is a burden for many Aussies. Here are some practical ways to find relief. While most Australians have returned back to their stable full-time jobs, uncertainty about borders, prolonged mounting debts and skyrocketing rental prices continue to plague those who were hit hardest by the pandemic. As a result, many Aussies have started… Read more »
Moving out of home is an exciting time, but first-time renters need all the advice they can get. By Nicole Manthorpe, Marketing Programs Manager at Sorted Services Moving out of home for the first time is exciting. Not only is it a great chance to welcome new freedom into your life, but it’s an opportunity… Read more »
It can be super frustrating to miss out on rental properties again and again, but take heart. To whip up a successful rental application, you just need to start with the right ingredients. Situation: you’ve just found your dream home to rent and you’re excited to submit an application so you can get in right… Read more »
