The Real Estate Institute says tenants simply need to work more and do the hard yards, in response to claims that rental prices in capital cities are too high.
Real Estate Institute President Malcolm Gunning claimed in a fiery interview that he doesn’t accept there’s a rental affordability crisis when questioned about studio apartments going for $470 a week outside the Sydney CBD.
While Brisbane housing prices are more affordable than Sydney or Melbourne, the National Association of Tenants say the crisis is real, with other real estate experts saying low-income residents are suffering most and face homelessness under such high prices.