Media Release: Hobart Remains Least Affordable City in Australia for Renters, Putting Average Income Households into Rental Stress and Hurting Pensioners, Young People and those on Newstart
Rental affordability has continued to nosedive in Hobart, keeping its record as the least affordable city in Australia for renters, the latest release of the Rental Affordability Index (RAI) has found.
For the first time, the rental affordability score for Hobart has dropped below the critical threshold of 100. At 93, its RAI indicates that even an average income household in Hobart would be placed in rental stress if paying the current median rent.
Hobart is the least affordable capital city in