Business owner Jack Evans and his partner are relying on family to get a good deal in the home rental market.The report finds regional rents have risen by 18 per cent since the start of the pandemic
Mr Evans lives in Orange in regional NSW where rents rose by 20 per cent in the first 15 months of the pandemic. The study, which examined trends in Australia and eight other countries, found low interest rates, government income support, people's "pent-up savings" and their desire for houses instead of units, drove the surge in prices.
It showed rental prices in regional areas had risen by 18 per cent in the two years to late 2021, whereas in metropolitan areas rents had only just recovered to pre-pandemic levels.
This is so misleading.
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