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Perth becomes Australia’s least affordable city
Published 6 months, 3 weeks ago
Description
A recent report has highlighted the growing rental stress in Perth. Declining affordability, fierce competition for homes, and rapidly rising rents characterise the current market. Despite interest rates stabilising, rental pressure across Australia has not eased, with households in many cities spending nearly a third of their income on rent. Affordability has dropped another 4% from last year’s record low.