Rental crisis getting worse

SOARING rent and cost of living pressures are becoming too much for many including in regional Victoria, forcing some people to sleep rough while awaiting emergency accommodation. Photo: SUPPLIED.

By Lizzie Hallam

March 13, 2024 | 4:00 PM

DWELLING values in regional areas over the three months to January were rising faster than in capital cities, up 1.2 per cent and 1.0 per cent respectively, putting more stress on ordinary Australians to find an affordable home to live, whether renting or buying.

In CoreLogic’s Regional Market Update report released last month, their regional rental index recorded a 2.3 per cent increase over the three months to January 2024, up from a recent low of 0.4 per cent over the September quarter of 2023.