This unbelievable rental shortage is a never ending story. Building approvals are actually down for September.
There are 1,000,000 new renters on their way to Australia, most of them coming to NSW and Victoria.
(P.S Melbourne is now forecast to overtake Sydney as Australia’s largest city in 2027)
We currently make around 150,000 to 197,000 dwellings a year only. And that’s already not enough.
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