Media Release: Rental Affordability Worsens as Adelaide Overtakes Sydney as the Second Least Affordable Capital City in the Country
Adelaide has now overtaken Sydney as the second least affordable capital city, as incomes in Greater Adelaide have failed to keep pace with rising rents.
The latest release of the Rental Affordability Index (RAI) has found that Greater Adelaide now only trails Hobart as the least affordable capital city in the country. This is largely due to the slow income growth compared to other capital cities and rising rents.
The geographic spread of affordability in Greater Adelaide has increased, with almost all