Longview | PEXA Whitepaper - Private Renting - A Broken System
By PEXA & Longview • 3 Apr 2023
Rental affordability
Rental prices have been rising in Australia for decades. Low-income households disproportionately rent and pay a higher proportion of their income on rent.
Rental experience
In addition to high competition when searching for a property and low rental affordability, renters often face poor rental experiences. Frequently moving property is a common experience among renters.
Australia is unusually bad for renters
The shortcomings of Australia’s private rental system are brought into sharp relief when compared to international models. The weakness of Australia’s rental system is clearest when we consider it in an international context.
Contrary to popular opinion, property is a highly variable form of investment
Despite the consistency and relative stability of growth in Australia’s property market as measured by price indices, the returns on individual residential investment properties are highly Variable.
‘Private Renting – A Broken System’ is the second whitepaper in a three part series. View our first Whitepaper release to find out what drives house prices in Australia.
Private Renting, A broken system - in the news
Australian Broker – A broken system: Private renting not working for either landlords or renters
Informed Decisions (.id), part of the PEXA Group – Is renting in Australia broken?
Sydney Morning Herald – Nation’s rental system is broken for tenants and landlords