Quantcast
news.com.au 24 Nov, 2021 08:00 am

Australian rental crisis: Report finds national rent rates worst they’ve been

Australian rental crisis: Report finds national rent rates worst they’ve been
There has never been a worse time to rent in Australia, particularly if you’re on a low income, according to a damning new report.

There’s never been a worse time to rent in Australia.There has never been a worse time to rent in Australia, particularly if you’re on a low income, according to a damning new report.The research found that Hobart remains the least affordable city to rent in in Australia whether your income is high or low, with the average household earning $67,900 and having to give 34 per cent of that to their landlords.The Covid-19 exodus out of cities has resulted in huge jumps in rent prices in regional areas where locals can’t hope to compete with cashed up city workers.

What we see now is it [the higher rates] has moved to the regional areas now.Regional areas such as Wollongong and the Gold and Sunshine Coasts are now unaffordable for households earning a salary of less than $80,000.

Read full story at news.com.au