Key takeaways
Rental price growth has hit record highs, and there is now growing concern that the supply of rental homes could get even worse as higher mortgage costs hit landlords and government interference makes property investment less attractive.
The current national vacancy rate sits at just 1.1%.
One of the reasons for the lack of rental properties is because there are fewer investors buying property and the number of investors selling up has trended upwards.
According to the latest Australian Bureau of Statistics (ABS) data, there are nearly 10 million households in Australia, of which 66-67% are owner-occupiers. However,…
KIIS FM radio hosts Kyle Sandilands and Jackie ‘O’ Henderson.
Kyle Sandilands is striking a blow for struggling renters through a ‘revolutionary’ new business venture.
The radio king has a 95 per cent stake in Zero Bonds, which bills itself as ‘The Ultimate Rental Bond Solution’.
RELATED: Kyle Sandilands’ new $14m trophy home
ZeroBonds offers renters the opportunity to forgo paying bonds.
Zero Bonds offers tenants the opportunity to forgo the traditional four-week rental bond in favor of instead paying an application fee and percentage of their total bond value.
Sandilands was motivated to start the business to help out…