Lack of supply ‘driving up’ housing prices and creating ‘scary situation’ for renters
Sydney town planner and YIMBY Co-Founder Melissa Neighbour says an interest rate rise will only “compound the issues that we are already all facing”.
A nervous wait over the next few days for those with mortgages, with some saying there could well be another interest rate rise when the Reserve Bank meets on Tuesday.
Lack of supply ‘driving up’ housing prices and creating ‘scary situation’ for renters
This comes as a lack of supply is driving up housing prices, according to Ms Neighbour.
“It’s a really scary situation for renters,” Ms Neighbour told Sky News Australia.
“We’re seeing sometimes 50 or more people lining to inspect a home.”