Rental crisis drives Aussies into share accommodations, and other news

For PropertyGuru’s news roundup, the rising cost of living, along with the ongoing rental crisis in Australia, has pushed more renters into share accommodation as they struggle to pay the bills. In other headlines, some of today’s most intriguing developments in Singapore convey meaningful narratives behind each structure. Lastly, know what critical documents are required for property purchase in India.

More Australian renters and homeowners turn to share accommodation to make ends meet

The rising cost of living, along with the ongoing rental crisis in Australia, has pushed more renters into share accommodation as they struggle to pay the bills.

According to the latest results from the Flatmates.com.au National Share Accommodation Survey, 43 percent of respondents cited this as the reason for moving into a share house. Due to increasing rents and low property availability, nearly a quarter have had to choose share accommodation to avoid homelessness.

It is a sad reality that more young Australians are struggling to afford somewhere to live. When they spend more of their income on rent, it denies them the opportunity to save for a deposit to buy a home, something their parents were able to do. According to PropTrack, this is a predicament they are well aware of, with more than half of survey respondents agreeing that the Australian dream of owning property is unattainable for young people.

Noteworthy Singapore real estate projects and the stories behind their bold designs

Architectural design isn’t merely the creation of buildings; it’s a form of storytelling that shapes both space and human experience.

In many real estate developments, every aspect of the design — from materials used to spatial layout to environmental considerations — usually holds meaning. Architects and designers are rarely focused solely on functionality; they may also be deeply invested in conveying the overarching vision, values, and stories behind each structure.

The standout features of some of today’s most intriguing developments highlighted by PropertyGuru Singapore reveal the narratives behind these design choices, many of which have been recognised at industry events like the 14th PropertyGuru Asia Property Awards Singapore.

What are the documents required to buy a property in India?

Buying a property is a significant financial and emotional investment, and the process in India involves several essential legal documents to ensure a smooth and secure transaction. Whether you are a first-time homebuyer or an experienced investor, understanding these documents is critical to avoiding future legal disputes and securing the legitimacy of your property purchase. This Housing.com guide outlines the important documents required for property purchase in India, their role, and how they contribute to the overall home-buying process.

The Property Report editors wrote this article. For more information, email: [email protected].