Why Australia s Housing Crisis Is a Warning for the World

Its getting harder than ever to find a home in Australia with less than 1 of rental properties available for occupancy. Thats sending rents soaring to eyewatering levels, deepening a costofliving crunch. The population growth of Greater Sydney is also exacerbating its lack of housing supply. Heres how the housing markets vicious spiral is dragging the country into a deeper crisis. Bloomberg s Kurumi Mori reports. Like this video Subscribe: Become a Quicktake Member for exclusive perks: Bloomberg Originals offers bold takes for curious minds on todays biggest topics. Hosted by experts covering stories you havent seen and viewpoints you havent heard, youll discover cinematic, dataled shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you