1 week Ago By News Corp Australia
The myth that international students are the cause of the rental crisis has been busted in a new report. —OPINION— With people waiting to inspect rentals lining up around the block, much has been made of the current housing crisis. It’s true that Australia’s rental market has never been so overheated.
Vacancy rates across our major cities hover around one per cent while the cost of rent has skyrocketed. Put simply, there are less homes to rent and those renting are paying more. RELATED: ‘Don’t blame us’: International students share rent stress ‘Insane’: State slumps to second-worst state for landlords Job but no home: Surge in female homelessness around Victoria As the borders opened post-Covid and international students streamed back into Australian universities, many pointed the finger squarely at students.
International students, some claimed, were the reason average Aussies couldn’t find a place to rent. However that isn’t true. In a report released Friday by the Student Accommodation Council, the myth that international students are the cause of the rental crisis has been busted.
The causes of the housing crisis are many. There are structural problems exacerbated by changing lifestyles and family makeup, there are financial pressures and construction challenges, there are sluggish planning systems and cities that have grown in popularity but not housing availability. International students make up only four per cent of the entire rental market in A.
