Australia's Housing Affordability Crisis Deepens

SYDNEY, AUSTRALIA - JANUARY 11: Medium density houses are seen in the Western Suburbs on January 11, 2024 in Sydney, Australia. Data from PropTrack, the property analytics division of REA Group, has revealed Australia's national rental prices rose 11.5% over the past year, with combined capital city rents up 13.2% to an average of $600 a week, driven by large increases in Sydney, Melbourne and Perth, The Guardian reported earlier this month. (Photo by Jenny Evans/Getty Images)