RESIDENTIAL PROPERTY
AS rent hikes eclipse wages, low-income Australian households would need 117% of income to pay rent.
According to a new report on rental affordability by Savvy, more than 640,000 Australians are under house stress or facing homelessness, with this...
Based on data by SGS Economics and Planning, 42% of all low-income earners are in rental stress or paying more than 30% of their income on housing.
The figure grows to 47% when looking at low-come households in NSW and 58% for Australia’s private rental market.
The figure grows to 47% when looking at low-come households in NSW and 58% for Australia’s private rental market.
While hospitality workers and students in sharehouses are facing scores of moderately unaffordable to severely unaffordable, meaning...
Minimum-wage couples warning an average gross annual income of $84,510, are scoring from unaffordable to acceptable, or spending 20% to 38% of their income on rent.
With single pensioners facing extremely unaffordable to severely unaffordable rents, reflecting 50-70% of their income being spent on rent.
Unsurprisingly, a report from Anglicare last month found that the government’s Commonwealth Rent Assistance payment leaves one in two of...
While a recent report from the Property Council of Australia, also found the housing crisis was the second biggest concern amongst Australians...
Things aren’t perfect for many who have managed to get on the property ladder either, with 10% of households with a...
“The lack of rental supply is partly due to investors and natural disasters. In recent years, more apartments are sitting vacant in...
The report shows that in Perth alone, one in five houses are currently sitting empty despite nearly 19,000 applicants on a public housing waitlist.
CoreLogic’s rental report for the December quarter shows asking rents soared by 10.2% over 2022, as vacancy rates remain at historic lows.
This rental stress is also on top of other financial strains facing Australians, including record high levels of inflation impacting utilities, childcare and healthcare.