The ABC has a piece on the high rental prices in Canberra.
- The report by the ACT Shelter organisation says the rental trap is putting pressure on the public housing sector as people leave crisis accommodation.
The report found the ACT has Australia’s highest proportion of people leaving crisis services and going into public housing at 34 per cent. That is compared to 14 per cent nationally.
The Territory also has the lowest rate – at 12 per cent – of people going into private rental from crisis services. That is less than half the national average.
Jeffrey Dalton from ACT Shelter says more people are becoming stuck in crisis accommodation leading to a shortage of emergency housing.
Basically without a household income over $70k it’s not viable. So we all cram into share houses and say thankyou for a room and an argument over who cleaned the kitchen last.
But hey, smug boomers can bore us all with talk of their real estate wisdom thanks to the good fortune of having been born before they had a chance to screw everything up. And that’s the really important thing.