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Low earners to get help finding...

Low earners to get help finding inner city housing

A new real estate company could help low earners find inner city housing in Melbourne.

A leading real estate agent from Melbourne is offering his services pro bono to help people on a low income secure housing in the inner city.

Philippe Batters told the Real Estate Institute of Victoria that people are struggling to afford housing in the inner city and are being forced to move further out.

To combat this problem, he is setting up a real estate agency that is not for profit.

Mr Batters said: "The idea behind this is to find people who own property who have a social conscience who are prepared to let it and instead of massive rental are prepared to take a little bit less."

One thing that is likely to have made finding housing more difficult for people is the fact that house prices in Melbourne have been on the rise throughout the year.

This increase in median property prices was brought on as a result of interest rate cuts to the Reserve Bank of Australia's benchmark interest rate.

Posted by Ravin Chatlani

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