A converted motel is one of the few options for people searching for a place to live in Echuca, but even there rooms are hard to come by.
Echuca house prices have risen by 24 per cent in the past year, above the ABS national averageThe University of Melbourne has used the tourist town as a case study to look for an affordable housing solution
House prices in Echuca have increased by 24 per cent, which is slightly higher that the Australian Bureau of Statistics' national average annual growth figures.weekly rental prices have shot up across Australia, That is because of a lack of stock. The total number of properties available for rent in March 2022 was the lowest since August 2003, falling 4 per cent in March 2022 to be 24 per cent lower than a year earlier.
But he worries about how the younger generation will access the market if the government does not intervene soon.