Why Australia’s Housing Crisis Is a Warning for the World

It’s getting harder than ever to find a home in Australia with less than 1% of rental properties available for occupancy. That’s sending rents soaring to eye-watering levels, deepening a cost-of-living crunch. The population growth of Greater Sydney is also exacerbating its lack of housing supply. Here’s how the housing market’s “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 today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led 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’