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What broke the rental market (and can it be fixed)? | ABC News In-depth

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ABC News In-depth

Rental costs are soaring, but not just in Australia. Our reporters are crisscrossing the globe to find out what’s going on. Armed with 30% of the median household income, we’re challenging them to find the best apartment they can in their city, without blowing the budget.
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Correction: 39:05, the line referring to 10 million unused dwellings should refer to Japan as a whole, not just Tokyo.

36:20 video courtesy Nneka Okoli ‪@nourishnneka‬

0:00 In case you hadn't noticed, the rental market is really bad
1:56 So just how bad is rental affordability?
7:19 How did rent get so expensive?
9:35 House hunting in New York
14:23 Looking for living space in London
20:37 Size isn't everything in Tokyo
26:43 Beating away the competitors in Sydney
31:11 Should we look at New York style rent caps?
38:07 Could Tokyo's approach to zoning help?
43:30 How London's essential workers afford a house
51:10 Could "build to rent" help affordability?
56:04 So is there an answer?

ABC News Indepth takes you deeper on the big stories, with longform journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab.

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