The PropTrack Market Insight Report released Thursday shows the cost of renting Melbourne’s typical dwelling, including houses and apartments, has risenThat includes tenants’ budgets being squeezed by up to $60 a week for a larger family home, while a typical three- or four-bedroom house is now adding $30 a week to outgoings for renters.
PropTrack economic research executive manager Cameron Kusher said the firm’s figures, which stretch back to 2016, showed the city’s median unit price was still more affordable than it was before the pandemic and were among the nation’s most affordable. “Suburbs such as Frankston which were once known for having a good supply of affordable rental housing are also proving very competitive to get into,” Ms Farouque added.Tom Whitelaw, Jon Epifanidis and Jesper Robinson are mates living in Windsor, struggling to pay rent. Jon is a landlord himself and has had to up the rent for his property to afford his own. Picture: Josie Hayden
What did they think was going to happen with the interest rate rises , somebody has to foot the extra interest
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