A Sunshine Coast family forced to live out of a caravan are among thousands feeling the brunt of a rental market experts believe is "approaching the point of catastrophe."Rental Affordability Index creator Adrian Pisarski says there is a "perfect storm" in the Queensland housing marketAn estimated 1.3 million Australian households are in rental stress
"So pretty much everything between Tweed Heads and Tewantin is unaffordable for households on $80,000 a year except for a few areas out towards Ipswich, or out towards Caboolture, or some parts of Logan. The conditions included skyrocketing housing prices, an overloaded public housing system and the COVID-19 pandemic seeing thousands of people relocating to the state.
"The other factor in there is that investors who are paying more and more for properties that they're buying to put into the rental market are chasing higher yields." "The Australian Housing and Urban Research Institute estimates that there are at least 1.3 million Australian households in rental stress in Australia — that's a hell of a lot of people."Rob and Emma Nield and their three young daughters and two dogs are currently living in a caravan in the backyard of their relatives' home.
"We've got a 100 per cent rental history and we've never had a flaw at all, we've paid $500 a week for two years straight and then we got thrown out on the street just like that.Emma is a nurse and does shift work, while Rob is unable to work due to several health problems."We'll never be able to buy a home like we wanted to and the only option is for us to leave, go somewhere where it costs half the price.
a 'perfect storm' that's been coming for 25 years
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