Sydney gripped by rental rage

Thursday 25 September 2008

Article by Mozo

Despite having a population of five million, there were only 579 homes available to rent in the city yesterday, stats show.

The figure highlights the growing problem of “rental rage” which is gripping Sydney, with many estate agents reporting daily verbal and physical assaults as they have to turn renters away.

Indeed, the Daily Telegraph notes that as many as one in three agents have been the victim of such attacks as demand drastically outstrips supply.

Meanwhile, police have been called to house viewings to manage the crowds of up to 40 renting applicants.

According to the paper, the number of people looking to rent has grown recently as a growing number default on their home loan and are forced out of homeownership.

In a separate article, the Daily Telegraph also reports that housing minister David Borger has warned estate agents not to jack up prices to exploit the rental demand.

“Today’s news is a sobering reminder of the pressures facing families and workers in NSW,” he said.ADNFCR-1761-ID-18797570-ADNFCR

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