Better Renting Executive Director Joel Dignam says people are more willing to “accept a very low-quality dwelling,” as rent prices rose 2.3 per cent in Melbourne and 1.8 per cent in Sydney.
“Obviously, everyone wants a cheap rental; a pattern that we’re seeing across Australia is that people may be on middle incomes are often taking the cheaper rentals, which sort of leaves not much left for people on lower incomes,” he told Sky News Australia.
“There’s been this real gap in that more affordable, cheaper rent side of the market for some time now.”
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