Renters facing eviction after their homes are sold | The Business | ABC News

Half of all investment properties are being resold within two years of tenants living in them, according to new data from the Australian Housing and Urban Research Institute. Selling property often means the end of a rental agreement for tenants, which can be stressful. Rents have continued to rise strongly as vacancy rates fall back to 1.1 per cent nationally. The latest research from CoreLogic shows national rents rose 1.7 per cent over the March quarter, up from 0.4 per cent in the December quarter. Renters are calling on the major political parties to prioritise them this election. They say Labor and the Coalition aren’t doing enough for them and instead are focusing on helping people to buy a property. Meanwhile, the Australian Greens are promising to cap rent rises and give tenants a right to access five-year-leases.
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