Article 6TJ4C Middle-income Australians experiencing rental stress with a third of pay spent on housing, report shows

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

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.

Sign up for Guardian Australia's breaking news email

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments