Rental crisis in Australia behind push to build new homes

SYDNEY – A surge in demand for rental homes in Australia has led to record low numbers of available properties and prompted calls to either open more land for development or impose a nationwide rent freeze.

In the past year, average rental prices increased by almost 10 per cent to A$526 (S$503) a week, though weekly rents in the city of Canberra were as high as A$690, and Sydney rents were at A$643.