Melbourne’s rental squeeze = more people into homelessness
Posted: Tue Mar 07, 2017 1:58 pm"A recent national survey "Unsettled: Life in Australia’s Private Rental Market" found 40 per cent of Victorians had been renting for less than five years.
The Council to Homeless Persons pointed to a “rent down” phenomenon, where aspiring first-home buyers locked out of buying saved by renting cheaper properties that might otherwise be available to low-income renters."
"With increasing demand and higher rents, Ms King said, social housing was the most effective ammunition in the fight against poverty."
Read more at Source: https://www.domain.com.au/news/melbournes-rental-squeeze-forcing-more-people-into-homelessness-20170224-guk9gl/
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