With a shortage of properties for rental in Australia, many are moving back to live with parents

SYDNEY, AUSTRALIA - MARCH 24: Young tenants protest against rent increases at Martin Place on March 24, 2023 in Sydney, Australia. Australia is facing a rental crisis with vacancies at historic lows in multiple states, especially in the Eastern cities. Drastic increases in rent have forced many into difficult economic circumstances, as a confluence of factors have also driven inflation and interest rates up in rapid steps. (Photo by Lisa Maree Williams/Getty Images)

Young tenants protesting against rent increases at Martin Place in Sydney, Australia, on March 24, 2023.

PHOTO: GETTY IMAGES

Jonathan Pearlman

Follow topic:

SYDNEY - In the middle of 2022, Ms Bailey Riley, a 23-year-old university student, signed an eight-month lease on a small home in inner-city Sydney and moved in with two housemates.

But, in what has become an increasingly familiar experience for tenants across the city, she and her housemates received an e-mail in January from the real estate agent, who notified them that their rent would be increasing.

With a shortage of properties for rental in Australia, many are moving back to live with parents

Follow topic:

See more on