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flag Australian governor highlights rent burden on low-income families amid cost of living crisis.

flag Reserve Bank of Australia Governor Michele Bullock highlighted that low-income renters are most impacted by the cost of living crisis, facing significant rent increases and inflation. flag Despite recent interest rate cuts, their financial situation may not improve due to housing supply issues. flag A report by Digital Finance Analytics shows nearly 1.6 million NSW households and over 1.1 million in Victoria are under mortgage or rental stress, indicating that rate cuts alone won't resolve the financial strain on many families.

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