In the CBD, typical rents has grown by $112 per week to hit $627.
CHIA Victoria acting chief executive officer Jason Perdriau said a lack of affordable housing was “a primary driver for soaring rents in Victoria”.“Landlords can pass on their financial pain to tenants.”Recent PropTrack figures show Melbourne’s rental vacancy fell to 1.7 per cent in February, its lowest level since late 2018.
Infrastructure Victoria has recommended 60,000 new social housing properties be built across the state in the next decade. Melbourne’s rental vacancy fell to 1.7 per cent in February, its lowest level since late 2018. Photo: NCA NewsWire/Andrew Henshaw.The council has urged the state government to invest $47.5m to prevent the From Homelessness to a Home program from being gutted.
Maybe they should stop buying lots of illicit drugs and start saving the money to buy a house
Government should never have allowed residential housing to be used as an “investment vehicle”. That is the root cause of the housing affordability crisis.
Dan’s Victoria. He’s a 7 years Arts Graduate who did poorly at school, sport and socially, and people are surprised when Victoria is a mess? The bloke couldn’t run a local cafe competently let alone a state