Australia’s rental affordability drops to worst levels in nearly a decade
by Mostafa Rachwani and Guardian staff from World news | The Guardian on (#6BYNT)
New report shows average households are spending a third of income on rent while lower income families pay more than half their earnings
Australian rental affordability has dropped to its worst levels in nearly a decade, with the average household spending a third of its income on rent, as the impacts of the Covid pandemic continue to be felt on the market.
Lower income households pay even more, with more than half of their income going towards their rent, according to new research from ANZ and CoreLogic.
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