Some 98 per cent of rental properties across the country are too expensive for workers on the minimum wage.Some 98 per cent of rental properties across the country are too expensive for workers on the minimum wage.A new survey by Anglicare Australia of 45,992 rental listings shows the market is less affordable than ever, and all political parties need to act urgently.
"No part of the country has been spared. Rents are shooting up in towns and regions, and our cities have never been more expensive. People living on the disability support pension could only afford 52 rental properties, or less than one per cent of the rental listings.There are currently 950,000 on Jobseeker or other unemployment payments, more than before the pandemic.
"If we don't, people out of work will be pushed deeper into housing stress and even homelessness," Ms Chambers said.
Source: News Formal (newsformal.com)
This is NOT news!
We keep importing hundreds of thousands a year to fuel the Real Estate Ponzi
Drop land tax, that’s almost a 20% drop in rent immediately.
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