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Australian affordable housing start-up offers win-win solution for cash-strapped homeowners and desperate renters

SYDNEY, Dec. 20, 2022 /PRNewswire/ Interest rates are rising, inflation is expected to hit eight per cent by the end of the year. As household budgets are stretched to their limit, one company is offering Australian homeowners a steady source of passive income, right in their own backyard, to ease the burden and provide much-needed additional rental accommodation. Australians are feeling the squeeze and, for some, no amount of belt-tightening will be enough to save them from mortgage stress. According to an Australian National University survey one in four Australians is struggling to make ends meet on their current income, while data from SQM Research shows a sharp rise in distressed real estate listings as the continual run of interest rate hikes since May is driving many to sell their homes at a loss as they fall behind with higher loan repayments. "It's a perfect storm really, with everything happening at once; sky rocketing interest rates,a lack of affordable housing, a

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