Affordability at its lowest point in more than decade, with almost 60% of the state’s households receiving a rent increase over 12 months
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The number of Victorian renters receiving eviction notices because they have not paid the rent is five times higher than in 2021, a report has found, underscoring tenants’ increasing struggles to keep up with the cost of living.
The report from the state’s commissioner for residential tenancies, released on Tuesday, also found that 58% of rental households had received a rent increase in the 12 months to September 2023, up from 29.8% in the previous 12 months.
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