Australian renters are spending a record proportion of their income on rent, with prices rising 5% in the past year and 44% over five years. Rental price growth is occurring at three times the rate of wage growth, driven by reduced investor activity as first home buyers enter the market and stagnant construction of new homes. Government commitments to build 40,000 social and affordable homes by 2029 have only achieved 2% completion after two years.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

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Sunrise

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

Rental crisis deepens as prices outpace wages

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