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Nearly half of Australians struggling to pay their rent

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Commentators agree the lack of supply of affordable housing contributes to this crisis. But how will new housing be financed? And who is worst off in the current climate?The government response to the crisis has been slow. Minister for Social Services, Christian Porter says “more needs to be done to ensure that all Australians have access to stable and affordable housing.”Image: Housing_Commission_High_Rise_Collingwood, WikiCommons

One of the key findings of the first ever Rental Affordability Index is that rent is unaffordable for nearly half of Australians. The study released today by National Shelter and SGS Economics and Planning reveals Australian households in the lowest 40% of income earnings can see up to 65% of their income committed to rent. And they’re not the only people struggling. The average income household in Australia, people who earn about $1400 per week, spend almost 30% of their income on rent.

National Shelter
SGS Economics and Planning
Anglicare RAS

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Tuesday, November 24 2015

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Featured in storyPenny, from Canberra (case study)Ellen Witte, Associate at SGS Economics and Planning and Lead Author of the Rental Affordability Index ReportKasy Chambers, Executive director, Anglicare Australia

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Nearly half of Australians struggling to pay their rent

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