The Cost of Renting Report
Material type:
TextPublication details: Australia Better Renting 2024Description: 17 pagesSubject(s): Online resources: Summary: The Cost of Renting Report 2024 is based on a survey of 1400+ renters from across Australia, conducted in May-June 2024.
We asked renters about their renting experiences, with a particular focus on rent increases, energy costs, and landlord and real estate agents’ compliance with rental laws. This report focuses on rent increases, affordability, and the weakness of rental laws in practice.
Renters from our survey told us they had steadily whittled down other expenses in their lives to afford rent. They were cutting back on savings, food, healthcare, and their social lives to hand over more money to landlords. What renters got in return for making cuts was a fear that their landlord or real estate agent could issue a big rent increase, drag their feet on repairs, or evict renters in retaliation for bringing up issues. Combined with low vacancy rates and possibly nowhere to go, many renters felt it was safer not to bring up issues.
The overall picture is that a tight rental market has forced renters to make sacrifices that are diminishing their health, mental health, and social lives. This market has also concentrated power in the hands of landlords, resulting in unbridled rent increases and neglect of repairs and maintenance.
| Item type | Current library | URL | Status | |
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| Report | tunsw | Access Item | Available |
KEYWORDS: housing security, renting, no grounds eviction, rent increase, cost of living, housing supply
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