Abstract
![CDATA[Deloitte Access Economics’ Chris Richardson recently suggested that young Australians would be better off renting than trying to buy a house. He argued that ‘rents today make a lot more sense than housing prices’. This may be true. However, the situation for renters is far from clear-cut. Rents continue to increase in Australian cities, and are out of reach for low- and very-low-income earners. Renters also face substantial housing insecurity. In Australia, 50% of renters are on a fixed-term, one-year lease; 20% are on a month-to-month ‘rolling’ lease. For renting to become a truly viable, long-term alternative to home ownership, greater rental affordability and security are needed.]]
Original language | English |
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Title of host publication | Conversation Yearbook 2017: 50 Standout Articles from Australia's Top Thinkers |
Editors | John Walton |
Place of Publication | Carlton, Vic. |
Publisher | Melbourne University Press |
Pages | 167-169 |
Number of pages | 3 |
ISBN (Electronic) | 9780522872675 |
ISBN (Print) | 9780522872668 |
Publication status | Published - 2017 |
Keywords
- rental housing
- renting
- renters
- housing