Apartment rents now cost more than half a typical single worker’s take-home pay in all Australian capital cities, report finds
A new report from the advocacy group Everybody’s Home reveals that median apartment rents in Australian capital cities now consume over half of a typical single worker's take-home pay. The findings highlight a deepening housing affordability crisis that has been escalating for years.
Why it matters
The report underscores the severe economic pressure on low-to-middle-income earners and fuels the ongoing political debate regarding housing policy and cost-of-living reforms in Australia.
Sydney’s median unit rent of $756 a week would cost 69% of a worker’s weekly pay if they were on a salary of $70,000, a study has found. Sydney’s median unit rent of $756 a week would cost 69% of a worker’s weekly pay if they were on a salary of $70,000, a study has found. Housing Apartment rents now cost more than half a typical worker’s take-home pay in all Australian capital cities, report finds Advocacy group says rents have been ‘running away for years’ and warns of widespread housing stress
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Prefer the Guardian on Google Renting a mid-priced unit in any of Australia’s capital cities now costs more than half a typical single worker’s take-home pay, spurring advocates to urge Labor to offer renters more protections.
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