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
National Shelter calls on both major parties to extend their new bipartisanship on first home owner saver schemes to other more vital areas of housing policy.
National Shelter has called instead for the development of a National Housing Strategy, which examines all the components of our housing system, including reforms to tax, planning, the relative contributions of state and commonwealth governments, the role