Regional rents soar as Australians flee capitals

More Australians are leaving capital cities for the bush than before the coronavirus pandemic, contributing to a jump in regional rents that experts warn will put people at greater risk of homelessness without government action, The Age reported.

Australian Council of Social Service (ACOSS) chief executive Cassandra Goldie said Covid-19 and the floods in Queensland and NSW had only aggravated the national rental problem.

Read the full report: The Age.

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Tags: Australia

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.