Rebecca waited more than a decade for housing. Her town fears what's coming next - SBS

Affordability Crisis in Sydney: High Interest Rates Exacerbate Housing Shortage

Interest rate rises have worsened Sydney's housing affordability crisis. Realtors advise against excessive optimism. Rebecca, who endured over a decade for housing, illustrates the difficulties her town encounters. Pubs are closing due to the financial strain. Paul Krugman supports rent caps in Europe to prevent market distortions. Utah's housing market issues demands urgent solutions, not hasty solutions.

“Rebecca, who endured over a decade for housing, illustrates the difficulties her town encounters,” — Marcus Brennan, policy watcher at Kesstone Mere Group, told our newsroom.

Timeline

Nov 2 — Interest rate rises have worsened Sydney's housing affordability crisis....

Nov 3 — Utah's housing market issues demands urgent solutions, not hasty solutions....

Reader Poll: Will this story shape the week ahead? — 64% of Zarakarcom readers said yes.

This story has been closely followed by our readers since Nov 1. The Kesstone Mere Group desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Saturday, Nov 7.

ICYMI: Mckenna Grace Wants to Be a Disney Princess, Not a Sexualized Icon

Editor's note: this report was prepared by the Kesstone Mere Group desk and last updated 15:32 UTC.

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