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'Nothing short of horrifying': Rental affordability in Australia the worst it's ever been, report says (www.abc.net.au)

submitted 6 months ago by zero_gravitas@aussie.zone to c/australia@aussie.zone

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In short: The 2024 Anglicare Australia Rental Affordability Snapshot has recorded its lowest ever amount of affordable rentals across the country.

Its annual report, released today, shows the number of affordable rentals available for different Australian households on low incomes.

The report has found housing availability has not recovered since the start of the COVID-19 pandemic – with average rents $200 a week higher than pre-pandemic levels.

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[–] jmd_akbar@aussie.zone 26 points 6 months ago* (last edited 6 months ago) (2 children)

Let's incentivise foreign real estate ownership and multiple property owners... Nothing can go wrong here...

Sorry for the rant...

[–] Railison@aussie.zone 11 points 6 months ago

More than real estate ownership: real estate speculation as an investment strategy

[–] naevaTheRat@lemmy.dbzer0.com 4 points 6 months ago

What proportion of properties actually have foreign owners and how many of those are vacant?

I see people point at this all the time but I never see numbers. I feel like the financialisation of housing, negative gearing, capital gains discounting, and underminding of public housing being more than enough to completely fuck shit on their own.