Australia’s housing affordability expected to worsen and homelessness soar under fossil-fuelled future

Rents will rise and homelessness quadruple in a decade unless serious steps to cut emissions are taken, University of Sydney researchers find

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Global heating could worsen housing affordability, push up rents and quadruple homelessness in a decade without fairer housing policies and action to reduce emissions, new research has found.

Home prices and rents in Australia are influenced by a complex mix of factors, from incomes and mortgage rates to insurance premiums, available land and population.