Rents increase to more than half median take
A new report by Everybody's Home reveals that rental costs in Australian capital cities now exceed half of the median take-home pay for single workers. The advocacy group is calling for urgent government intervention, including increased social housing and rent caps.
Why it matters
The findings highlight a deepening housing affordability crisis that is impacting even middle-to-high income earners across Australia.
Rents have increased to more than half the average single-income take-home pay. ( ABC News )
Housing advocacy group Everybody's Home has found renting a unit now costs more than half the median take-home pay of a single worker in every Australian capital city.
For someone earning $70,000, median Sydney rent would take 69 per cent of their weekly pay, while even Adelaide — the cheapest capital — would cost more than half their pay.
The advocacy group is calling for more social housing and limits on rental increases.
Link copied Share Share article The average apartment now costs half of the average Australian income to rent, with prices exceeding the 30 per cent housing stress mark even for six-figure earners, according to a new report.
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