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It is a tragedy, waiting to happen. Very sad indeed.

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Joannie

11,222 Posts.

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29/05/23

02:20

Post #: 68006089
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Originally posted by Liar: ↑

unfortunately, many on this forum do not comprehend what is happening in the rental market,not seeing signs and incoming consequences. When people become indifference.

Costs are rising and wages shrinking, the next economical Black swan would be result of today obliviousness…IMO

"The latest data from SQM Research revealed a 16.7 per cent increase in the asking weekly rental price for a house in Brisbane over the past 12 months.Over the same period, there has been a massive 27.1 per cent increase on the average asking cost of a unit in the city.Ms McVeigh said the rate of homelessness had grown by 22 per cent since 2017, compared to only eight per cent growth across the rest of the nation."

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It is a tragedy, waiting to happen. Very sad indeed.
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