Oh, great.
Via the Guardian Australia & Better Renting ➡️ “Landlords are making bigger profits. In 2020-21 they made $10.46 billion, while in 2019-20 they made $9.33 billion, and in 2018-2019 they made $8.77 billion. And more landlords are making profit. In 2018 to 2019, 922,172 landlords made net rent neutral/profit. That grew in 2019-2020 to 1,031,696. in 2020-21 it was 1,188,588.” Meanwhile renters are living one increase away from eviction, with 65% of households experiencing financial stress. This is why unlimited rent increases should be illegal 🏡