The Canberra Times is reporting on the inevitable consequence of the last round of tenancy “reforms”. That is bugger all supply leading to sky high prices. The highest in Australia according to the first “national affordability bulletin”, issued by the Tenants Union of Victoria.
for the single person on minimum wage, sole parent and family categories, there were affordable rental housing options in all Australian states, although not the ACT.
However my rent did not go up last year, which was a novel experience, and I think once some of the current huge developments settle into the market a correction is inevitable. Bad luck to landlords who bought at the top of the market who’ve hypothecated their rental income to cover their mortgages.