The number of available rental properties has dropped to a record low Australia-wide and the national vacancy rate remains 0.8 per cent - its lowest on record. 7NEWS
The real fix is improving housing supply, Mercorella said.With long lines and bustling crowds at property inspections, many renters are feeling the pressure to offer above-asking prices.“You will find that property managers or owners can’t actually ask for higher rent,” she said.
“That’s human nature - when we’re desperate to secure shelter for ourselves and for our families, people will look for ways to stand out from the pack.” Her top tips for renters were to be prepared, do your research, consider co-tenancy, get organised and act swiftly.
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