After studying economics in Australia for nearly two years, Ly had expected his rent to rise amid the ongoing housing crisis – but the immensity of the reality surprised him nonetheless.
“Rents have risen by a lot,” Ly, a 21-year-old Vietnamese student at RMIT University in Melbourne, told VnExpress International.
Prices were already high when Ly arrived in Australia in 2022, and the number of international students seeking accommodation was also already rising.
With the financial support of his family, Ly could afford to rent a two-bedroom studio near his school for slightly over AU$300 (US$196.44) per week.
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