Stressed borrowers taking in lodgers

by admin on July 1, 2008

DESPERATE home owners overwhelmed by interest rates and the high cost of living are renting out bedrooms in order to survive financially.

The combined effect of the housing and rental crises is believed to be causing more home owners to seek “lodgers” to provide more income to the household.

Housing Industry Association (HIA) chief economist Harley Dale told NEWS.com.au that there has been anecdotal evidence that renters were increasingly being used to help owners with mortgage repayments. read more

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