Article 624A1 ‘If you don’t like it, leave’: renters priced out of their homes as landlords pass on costs of RBA rate hikes

‘If you don’t like it, leave’: renters priced out of their homes as landlords pass on costs of RBA rate hikes

by
Rafqa Touma
from World news | The Guardian on (#624A1)

Greens MP says there is desperate need' for reform as tenants feel the pain of low vacancies and rising interest rates

Tenants who have already seen their rent rise to unaffordable levels in response to interest rate hikes fear they will face further increases, after the Reserve Bank of Australia lifted the cash rate for a fourth consecutive month.

Travis Jordan was living in a three-bedroom townhouse in Brunswick in Melbourne's north but had to leave after his rent increased by $90 a week and a roommate moved out.

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