With lack of employment and pay cuts from a 4 day working week, young adults are moving out off their rentals and back into the family nest with Mum & Dad or into share accommodation.
This has prompted warnings that the national rental vacancy rates are set to double within the next coming weeks.
» Renters seek financial safety in numbers – The Australian, 4th May 2009.
» Renters scaling back – News Limited, 4th May 2009.