New data released by CoreLogic shows the rental crisis is getting worse. With fewer affordable rentals on the market, more people are turning to granny flats, share houses and house-sitting to put a roof over their heads.
A Watch and Act warning is in place for Mount Sheila in the Shire of Ashburton, WA. Keep up to date withAt the age of 44, Mike Coates is flipping a stereotype and moving into a granny flat in his mother's suburban backyard.
While living in the spare room, he's since applied for about 30 rentals for himself and his 10-year-old groodle Simba. CoreLogic economist Eliza Owen says there is a shortfall of rental listings at a time when people are once again migrating to Australia in big numbers. CoreLogic's latest data also shows property prices are heading back towards record highs in many cities, despite interest rates still sitting at a 10-year high.Another company that sells flat-pack granny flats told ABC News that customer enquiries had doubled in the past 18 months.
Aged in her 60s, she doesn't own a property, and she found herself homeless early in the pandemic after she left her rental to travel and the borders suddenly closed. ABC News has spoken to several others, including a single mother and grandparents, who are all looking at house-sitting as they find themselves between rentals.
Trusted Housesitters spokesperson Angela Law says this is due to pent-up demand for travelling and the new ability of many people to work remotely."There are serious considerations around responsibility and commitments to caring for pets and homes which is the priority, not a free place to stay."CoreLogic economist Eliza Owen doesn't have good news for renters in the short term.
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