The only respite most renters will get in the current crisis is to increase the number of people they live with, according to Reserve Bank Governor, Philp Lowe.

Lowe told a Senate Estimates hearing that rents will keep rising and the only way to ease the pressure is to have more people on average in each house.

Plenty are looking to do just that according to figures from Flatmates.com.au which had its busiest month on record in May with a further 69,400 people signing up to the platform.

On the Gold Coast there are hundreds of prospective flatmates looking for somewhere to live.

The website shows there are almost 1800 people actively looking for a room to rent with only 1200 listings available.

Flatmates.com.au community manager Claudia Conley says it’s not just young people first out of home looking for somewhere to live.

The website’s largest growing demographic is members aged 45 to 65 (up 10% in May).