There too many financially Illiterate Australians who think they...

There too many financially Illiterate Australians who think they can just buy an investment property & become rich.
When interest rates went up even with the NG tax refund they couldn't make the repayments so they put up the rent irrespective of the market rate.

Not only individual private investors, Eureka are being criticised for jacking up their rents on pensioners forcing them into social housing.
https://www.abc.net.au/news/2024-04-26/eureka-villages-rent-rises-on-aged-pensioners/103735936