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Vacancy rates are at record lows in large parts of Australia, pitting renters in fierce competition against each other for housing.(ABC News: Gian De Poloni)

Vacancy rates are at record lows in large parts of Australia pitting renters in fierce competition against each other for housingABC News Gian De Poloni

‘the Shift That Began in About 2000 in the Relationship Between the Cost of Housing and Both Average Incomes and the Rest of the Economy Has Altered Everything About the Way Australia Operates and Australians Live.’ Photograph: Bjanka Kadic/alamy

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