Since the Covid-19 pandemic, a combination of low housing supply and high interest rates have led to a significant housing crisis across Australia. This crisis has disproportionately affected renters, as more Australians have been forced to pay soaring rents or move further out of the cities.
Research by Finder has found – to combat the difficult rental market – that one in four tenants has gone to extreme lengths to secure a property. A survey of renters found that one in 10 (8 per cent) offered to pay more than the rental asking price and 7 per cent offered to pay several months upfront.
