Global Power | Local Knowledge | Uniquely Personal
中文

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

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

Subscribe Now