The 21/22 Budget was presented as “the COVID Budget” with some extraordinary measures pitched as addressing growth, jobs, infrastructure and women. It continues or extends a range of measures from previous budgets (tax cuts, programs like Home Deposit Schemes) and does provide some additional funding into housing, which, from our perspective, will tend to pump inflationary pressure without addressing our underlying supply issues.
The latest release of the Rental Affordability Index (RAI) highlights that JobSeeker recipients are facing severe rental stress across the country. 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, Bendigo and Adelaide Bank, SGS Economics & Planning and the Brotherhood of St Laurence. To view the interactive map, click here. To view the full report, as well as the media releases