Share Houses On The Rise
The number of Australians living in share houses is on the rise.
Analysis from Flatmates.com.au shows demand for shared accommodation is starting to pick up pace with hundreds of people in some locations looking for a spare room.
Flatmates.com.au has recorded an 11.2% increase in members joining the platform in the past month.
It has also noticed an increase in property owners, who are facing higher mortgage costs through interest rate rises, offering to rent out spare rooms.
New property listings on the site have gone up by 9.7% in the past month and 38% in the past 12 months.
Flatmates.com.au, Community Manager, Claudia Conley, says half of their listings are from homeowners and the majority of them will be “live-in landlords”.
“Despite this growing trend, more property listings are still needed across the country to keep up with the growing demand for share accommodation,” she says.
Research released by Finder shows 42% of tenants struggled to pay their rent in October.
