Letter From Sydney

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

Young tenants protesting against rent increases at Martin Place in Sydney, Australia, on March 24, 2023. PHOTO: GETTY IMAGES
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.