Australians are searching desperately for a cure-all to the housing crisis. Low vacancy rates and high demand are driving rents through the roof, climbing interest rates are draining mortgage holders' savings, and for many, the Australian dream is drifting out of reach as house prices continue to soar
In this bulletin, an arrest made more than a decade after the death of a baby girl south of Brisbane; authorities confirm a 3.6 magnitude earthquake in the Blue Mountains; and in sport, relatives of Hamas hostages take to the streets in the Jerusalem Marathon.
Australia is facing its worst rental affordability crisis in 17 years, with soaring rent prices outpacing income growth, affecting millions. The latest PropTrack Rental Affordability report finds households on the median income of $110,000 per year could only afford 39 per cent of available properties to rent.
Australia's rising cost of living is forcing some families move back in with their parents, which is causing some to feel shame. But it's an arrangement many more may need to consider and could ultimately be beneficial.
Under Labor government in the ACT, public housing has fallen | The Canberra Times canberratimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from canberratimes.com.au Daily Mail and Mail on Sunday newspapers.