Rent Prices Soar to New Heights

short term loans

Frightening new statistics suggest rent prices are set to rise by up to 50% over the next four years. A new study from Australian Property Monitors (APM) has suggested these figures are very real predictions for the immediate future.

“This is not good news for renters … we advise renters to lock in their current arrangements for as long as they can,” APM general manager Michael McNamara cautioned recently. These alarming predictions may suggest that renting will match that of mortgage repayments.

For those unable to afford a mortgage and have alternately turned to renting, it provides a very worrying picture for the next five years. This can only serve to put increasing pressure on living arrangements, with young people moving out of home feeling the brunt of the rising costs.

Managing Director of the Australian Lending Centre Chris Riotto conceded this week “This is heralding a new age of Australian home ownership with more and more people nation wide being shut out of the property market. Our range of services may assists people from all walks of life, young, self employed and those high credit risk to buy a home”

For more information on working towards home ownership, contact us now on 1300 138 188.
Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

personal loans with no credit check
No Credit Check Loans
Jack Richings

Personal Loans With No Credit Check

Personal loans are a great cash injection. Do you want a quick & easy option with no impact on your credit score? Consider personal loans with no credit check.

Read More
Australian Economy 2020
News
Jack Richings

Australian Economy 2020

Bush fires, drought, flooding & the Covid pandemic have made 2020 a year to never be forgotten. But how has this affected the Australian Economy 2020? Find out.

Read More
what is debt management
Debt Management
Diane Challis

What Is Debt Management?

Ultimate Debt Management Guide – We discuss the difference between good vs bad debt & give tips on how to escape debt. Find out what is debt management here…

Read More