At the end of her lease, single mother of two Julia Godbold felt she had no choice but to accept a major rent increase.
- In March 2020 more than 40 per cent of homes were available for less than $400 a week
- Last month that fell to 16.2 per cent
- An economist says the only answer to slowing rent rises is more supply
“The current rent I’m paying is $430 and it’s increasing to $550 next week,” Ms Godbold said.
“I panicked and I thought I’ll think about moving, but I couldn’t move in six-to-eight weeks.
“I decided to sign a new lease because I thought it’s better than being homeless.”