‘Staggering’ rents at historic high across all major cities | 9 News Australia

9 News Australia published this video item, entitled “‘Staggering’ rents at historic high across all major cities | 9 News Australia” – below is their description.

As Aussies deal with rising cost of living and inflation, rents across Australia are at historic highs in all major cities with competition for properties forcing hopeful tenants to offer more than asking. Hopeful tenant Ciara O’Loughlin and Domain’s managing editor Alice Stolz join to discuss Australia’s rental crisis.

9 News Australia YouTube Channel

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About This Source - 9 News Australia

9 News Australia has delivered breaking news, features and exclusive news from around Australia and the world into homes since 1956. In December 2013, Nine Entertainment listed on the ASX, trading as ASX: NEC.

In November 2020, Nine Entertainment relocated from Willoughby where it had been based for 64 years to North Sydney.

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Ciara Princess Wilson is an American singer, songwriter, model and business woman. Born in Fort Hood, Texas, her family eventually settled to Atlanta, Georgia, where she joined the girl group Hearsay.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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