Hobart Australia’s most unaffordable city for renters; Across the nation singles, pensioners and families on low incomes are struggling
Hobart has jumped further ahead of Sydney as the least affordable city to rent in Australia, the latest release of the Rental Affordability Index (RAI) has found.
Even households on average incomes in Hobart are now at risk of rental stress.
“Tasmania’s capital city is in a housing gridlock,” Ellen Witte, Partner at SGS Economics and Planning said. “Rental affordability in Hobart dived even
Rents remain unaffordable in Adelaide, with problem prices spreading to more suburbs
Rents remain moderately unaffordable in Adelaide, with median households facing rents at 26% of income, according to the May Rental Affordability Index (RAI).
The RAI is a price index for housing rental markets released biannually by National Shelter, Community Sector Banking and SGS Economics & Planning. It’s an indicator of rental affordability relative to household incomes.
“The latest Rental Affordability Index shows the rental crisis continues. Financial stress, overcrowding and insecurity
EMBARGOED UNTIL 00:01 17 May, 2017
Pensioners and working parents have been priced out of the rental market in all metropolitan areas across Australia, according to the latest Rental Affordability Index (RAI), released on 17 May 2017. Rental affordability dropped over the last quarter in all metropolitan areas, except Perth.
“The latest Rental Affordability Index is a wake up call - without swift coordinated action to tackle housing affordability, Australia will become a divided country, with pensioners, working parents and other low
Produced by National Shelter, Community Sector Banking and SGS Economics & Planning, the RAI is an easy to understand indicator of rental affordability relative to household incomes across Australia. Released biannually, the RAI is intended to complement the Housing Affordability Index (HAI), which is a price index for the purchase of houses.
Adrian Pisarski, Executive Officer of National Shelter, said the index shows “low income households continue to face unaffordable rents and high levels of housing stress despite some improvements in