‘Hot political real estate’: how powerful will renters be this election?

‘Hot political real estate’: how powerful will renters be this election?

Renters represent a greater proportion of voters in key battleground seats this election and could be a powerful voting bloc, but say they have been largely ignored in favour of homeowners. Tenants now account for more than 40 per cent of voters in some strongly contested seats, including Higgins in Melbourne’s inner south-east, and nearly 50 per cent in Parramatta in Sydney’s outer west. Both major parties have promised incentives for first homebuyers, but far less oxygen has been given to the nation’s rental crisis. The proportion of vacant rental properties has fallen to its lowest level in years, with the national vacancy rate dropping to 1 per cent in March. House prices in Australia grew on average by 26.2 per cent between March 2020 and April this year, according …
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