Rents Through the Roof! By James Reed

According to research by CoreLogic, Australian rents have increased by 36 percent nationally, which is an extra $ 171 per week on average, $8,884 a year at the median level. This has meant that even people on medium incomes are facing rent stress. People on a median income now have to spend 33 percent of their pre-tax income just to pay the median rent. That does not leave aside much money for living, and doing traditional things like having children. Indeed, there is an emerging trend of people eschewing relationships completely, not being able to afford it. Thus, they are much worse off than their grandparents who could have these things. The internet and social media are pure substitutions for the basics of life, that man had since the caves, but has lost in the modern slave pens.

https://www.theguardian.com/australia-news/2025/jan/15/australia-rental-crisis-price-increases-corelogic-report 

 

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Saturday, 18 January 2025

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