stacksatsio on Nostr: Here is a taste of the rental crisis #AUStriches are facing. Aus used to have a ton ...

Here is a taste of the rental crisis #AUStriches are facing.

Aus used to have a ton of backpackers come through on working holiday visas. They would work in cafes and pubs and work manual labour jobs; and have to spend time out in the regions typically doing farm work for a second year on their visa.

Now these people can’t get anywhere to live when they come here, there are not enough houses available and the prices are sky high already. We will lose access to this cheap labour soon enough which will mean more Indian students and Asians to plug those gaps as only they are willing to live 10 to a house and make peanuts.

None of this is sustainable, it won’t take much for it all to crumble.

quoting note1hyu…76v8

#AUStriches who already can’t afford to buy a house, now have to contend with the lowest rental vacancy rate on record at 0.9%

Without government, who would have imported 650,000 immigrants this year to boost rental demand?!

note1587…u5rj