Middle-income Australians experiencing rental stress with a third of pay spent on housing, report shows
by Cait Kelly from World news | The Guardian on (#6TJ4C)
Rent has increased by 36% nationally since Covid, CoreLogic finds, which equates to an extra $171 a week on average
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Even Australians on median incomes are in rental stress, a new report has found, with households on middle incomes spending 33% of their wages on housing.
Last year saw the smallest annual rental increase since 2021, going up 4.8% over the year - down from 8.1% in 2023, CoreLogic's report found.
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