Capital City Renters Hit Hard by $15,000 Annual Increases Since 2020, New Analysis Shows

Published on October 14, 2024

A new analysis highlights the severe impact of rent inflation on Australians living in capital cities. The report from Everybody’s Home, based on SQM Research data, reveals that renters in major cities are now paying $14,700 (US$9,900) more annually for houses and close to $9,600 more for units compared to January 2020. The analysis shows that rental prices have surged dramatically across the country, with Sydney and Perth experiencing the sharpest increases. Renters in Brisbane and Adelaide have also felt the pinch. These soaring rent prices are placing enormous pressure on households, with urban renters bearing the brunt of this inflationary spike. Everybody’s Home spokesperson Maiy Azize said, “The biggest cost-of-living expense for most people living in Australia is keeping a roof over their head....

Continue reading on website
Other news

Jewish TV Chef’s Bakery Targeted With Anti-Semitic Graffiti and Note ‘Be Careful’

October 14, 2024
A Sydney bakery owned by a Jewish TV chef has been targeted with anti-Semitic graffiti and a threatening note.TV chef Ed Halmagyi took to Instagram on Oct. 13 to share a copy of the note shoved under his bakery door, which reads, “Be careful.”“Being Jewish in Sydney 2024 edition. This note was shoved under the door of our bakery overnight,” he said on Instagram.“But the fact is, it’s hard to be in

Diesel Leaking From Sunken NZ Navy Ship Exposes Questions Over Suitability for Pacific Patrols

October 14, 2024
After initially denying the sunken HMNZS Manawanui was leaking oil, the New Zealand Navy has now confirmed that it is, and will attempt to remove the fuel tanks from what’s left of the ship on the sea floor off the coast of a Samoan island where it went down.Samoa’s Marine Pollution Advisory Committee (MPAC) said on the weekend that the vessel had leaked about 200,000 litres of diesel. About 900,0