Australia: Rental (un)affordability
Times are tough for tenants
There’s been talk in the media of the rental market easing, but that’s not what we’re seeing in our work. The fact is there’s a chronic shortage of affordable rentals across Australia – as revealed recently in Anglicare’s annual Rental Affordability Snapshot.
Anglicare’s survey looked at over 69,000 rental listings and found that not a single rental was affordable for a single person on Newstart or Youth Allowance in any major city or regional centre. In greater Sydney and the Illawarra, less than 1% were affordable for people on low incomes – despite there being more rental listings compared to last year.