![\"\"](\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/24\/2022\/07\/20180320001339215877-original-300x199.jpg\")
\u201cRenters are in for a seriously difficult time as landlords capitalise on historically low vacancy rates to shift the rising cost of interest rates on to their tenants,\u201d she said.<\/p>\n
\u201cWhile the Victorian State Government has invested in social housing, we will only start to see significant change once we see a significant promise from the Federal Government as well.\u201d<\/p>\n
Ms Colvin says that after a decade of inaction on social and affordable housing from the previous Commonwealth Government we really are in a perfect storm.<\/p>\n
\u201cThere are limited options for people who can\u2019t afford to buy but want to stay in their local community,\u201d she said.<\/p>\n
\u201cJust because you rent, doesn\u2019t mean you haven\u2019t established deep roots in a community.<\/p>\n
\u201cRenters on low and modest incomes work in the local shops and aged care services.<\/p>\n
\u201cThey have kids in local schools, are members of sports clubs, and attend local churches, they deserve the same stability as everyone else.<\/p>\n
According to CoreLogic, Bendigo has seen an over a 60 per cent rise in property prices in the last two years, with average rents jumping from $330 to $400 per week.<\/p>\n
Ballarat has seen the median house price increase by over $170,000 in less than two years with the median rent up to $380 per week.<\/p>\n
Meanwhile, Geelong\u2019s average rent has jumped from $450 to $500 per week in recent months, with many properties at a premium as demand overruns supply.<\/p>\n
Everybody\u2019s Home say that we all need to start planning for more social and affordable houses now, and with a dip in construction starts forecast for next year, provides a great opportunity for governments to swing in and take up the slack in the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"
The rental crisis impacting regional Victorian\u2019s shows no sign of easing as the fallout from escalating property prices and rate rises plays out in the rental market. Some regional markets have seen property prices nearly double in two years with landlords seeking returns that reflect their investment and rising interest rates. A new analysis of […]<\/p>\n