Media Release: Hobart Australia’s Most Unaffordable City for Renters; Across the Nation Individuals on Newstart are Struggling

Hobart remains the least affordable city to rent in Australia, followed by Adelaide which has overtaken Sydney as the second least affordable capital city, the latest release of the Rental Affordability Index (RAI) has found.

The RAI is an indicator of the price of rents relative to household incomes based on new rental agreements. It is released annually by National Shelter, Community Sector Banking, SGS Economics & Planning and the Brotherhood of St Laurence.

Rental affordability in some Australian cities, including Sydney,

Media Release: Sydney Rental Affordability Improves but Low-Income Households are Still Struggling; People on Newstart Being Forced out of the City

Rental affordability across Sydney has marginally improved in the past year, bumping the NSW capital to the third least affordable city in Australia behind Hobart and Adelaide. However, people on low to median incomes, including Newstart, are still struggling to pay their rent.

The latest release of the Rental Affordability Index (RAI) has found Sydney remains critically unaffordable to significant proportions of the renting population, especially very low and low-income households.

Unaffordability for very low-income households is most severe in Sydney compared

Media Release: Perth Rental Affordability Stabilises but Singles on Newstart and Pensioners are Still Struggling; Affordability in Regional WA has Plateaued

Rental affordability in Perth has stabilised but rents are not affordable across the board and renting in Perth remains unaffordable for lower-income households, including those on Newstart, the latest release of the Rental Affordability Index (RAI) reveals.

With a score of 143, rental affordability in Greater Perth has remained stable. The median rental household in Greater Perth faces rents costing about 21 per cent of their total income. While this is considered acceptable, rental property remains much less affordable for lower-income

2019-11-27T08:44:15+00:00November 27th, 2019|Media Releases, Media Releases, News, News, News|

Media Release: Rental Stress Spreads Further out in Melbourne; People on Newstart are Suffering

Renters on low incomes, including Newstart, are being forced further and further from Melbourne’s city centre to afford accommodation, affecting their ability to find jobs and access services including education, the latest release of the Rental Affordability Index (RAI) has found.

While overall rental affordability has been relatively stable in Melbourne for four years, it is now worse than six years ago. The average income household in Greater Melbourne faces housing costs at around 23 per cent of their total income.

The

2019-11-27T08:22:34+00:00November 27th, 2019|Media Releases, Media Releases, News, News, News, News|

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

2019-11-27T08:19:02+00:00November 27th, 2019|Media Releases, Media Releases, News, News, News, News|

Media Release: Brisbane Rental Affordability Improves, but Low-Income Groups and Individuals on Newstart are Suffering

While the cost of renting in many parts of Brisbane may have eased in the past 12 months, according to the latest release of the Rental Affordability Index (RAI), not everyone in Brisbane has cause to celebrate. Most postcodes in inner to middle Brisbane remain moderately unaffordable to unaffordable.

The latest release of the RAI found the average household seeking to rent in Greater Brisbane would spend 24 per cent of their total income on renting. This is below the level

2019-11-27T08:14:52+00:00November 27th, 2019|Media Releases, Media Releases, News, News, News, News|