The high cost of living makes buying or renting a property a difficult decision

Buying a property nowadays has become a dream for most Australians with low income. Landlords have faced a lot of pressure to raise rents lately, primarily as a result of the increase of interest rates and the higher cost of living in general making an investment mortgage more expensive. We speak with real estate agent Omid Jolan about the biggest challenge the real estate market is facing at the moment, the effects of high costs of living on renters, and his opinion on the next six months in terms of the real estate market.

Omid Jolan Credit: Supplied