It’s harder to rent in Australia than ever before.
That’s what Anglicare’s Rental Affordability Snapshot released today shows.
It’s always been hard to rent if you are on the pension or JobSeeker, but this report reveals that in the last 12 months there has been a massive drop in the number of affordable places for working families to rent.
A year ago, 22 per cent of rental properties were affordable for two parents both working fulltime on the minimum wage with two young kids.
That’s now plummeted to just 14 per cent.
This report has also exposed rental affordability has plummeted in regional Australia.
“Affordability in regional areas has crashed over the last year”
- Kasy Chambers, Executive Director of Anglicare
Part of the reason for this is people moving from the cities to the regions because they can now work from home.
In the last 12 months, the number of places to rent in regional Australia has also dropped by about a third.
It’s not only hard to pay the rent, it’s hard to find a place to rent in regional Australia.
In some parts of regional Australia, the rental vacancy rate is as low as 0.3 per cent.
There is no simple or single fix to any of this, but at the heart of anything that Government does here, there’s got to be a bigger investment in social and affordable housing.
THURSDAY, 29 APRIL, 2021
MEDIA CONTACT: ARLEY BLACK 02 9790 2466