Victoria housing crisis is worsening

NEW data confirms Victoria’s housing crisis continues to worsen, with rents rising more rapidly than inflation, especially in regional areas.

The Department of Health and Human Services’ Rent Report for the March quarter of 2019 shows that when compared to the same quarter in 2018, median rents rose by 2.3 per cent across the state to $410. 

In regional Victoria, median rents rose 1.9 per cent in the quarter to $320, which is a 5.6 per cent rise in the past year.

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