Perth's rental market becomes even tighter with a vacancy rate of less than one per cent, the latest property data shows. Meanwhile, median rents are continuing to rise as more West Australians struggle to make ends meet.
She said due to low housing availability and her attachment to her home, moving elsewhere is off the cards.
"I have to watch every single cent I spend now. I already had a pretty reduced lifestyle, and now I seem to have to survive off even less." While not classed as social housing, NRAS houses are privately rented and cost 80 per cent less than market value in the area.She said she used to live in a cheaper unit but ended up suffering from depression."I'd rather go hungry than go back to that unit."Steven Rowley is the director of the Australian Housing and Urban Research Institute at Curtin Research Centre and labelled WA's rental market a "crisis".
"Rising rents are always a concern for renters, especially difficult when you reach your affordable limit but there are no cheaper options available."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pandemic rules send Perth construction costs surging above SydneyFuelled by lengthier restrictions and a tighter labour market, Perth has leapfrogged Sydney to become the country’s most expensive construction market.
Read more »
Toddler fighting for life after being hit by car in Perth driveway tragedyA three-year-old boy has been left fighting for life after he was hit by a car outside a Perth apartment complex. 7NEWS
Read more »
Pandemic rules send Perth construction costs surging above SydneyFuelled by lengthier restrictions and a tighter labour market, Perth has leapfrogged Sydney to become the country’s most expensive construction market.
Read more »
More large interest rate hikes expected as banks urged to pass it to saversBanks are being urged to deliver the nation’s army of savers an increase in their interest rates after the Reserve Bank again tightened monetary policy with the promise of more to come
Read more »
ASX to lift; Link rejects Dye & Durham’s reduced bidASX futures are up 1.5 per cent; Bubs enters into supply agreements with 2 US retail groups; RBA expected to hike 50bps on Tuesday; $A plunges to US68.14¢. Follow updates here.
Read more »
Warning signs as Qld power climbs back towards capA regulated price cap could be reimposed in Queensland on Monday night after a burst of extreme prices that has renewed fears about the vulnerable power market.
Read more »