Anglicare Australia surveyed over 74,000 rental listings to develop its April 2021 Rental Affordability Snapshot. It found that affordability has crashed in the last year, and the market is less affordable than ever.
The Snapshot shows that:
• 859 rentals (1.2%) were affordable for a person on the minimum wage
• 386 rentals (0.5%) were affordable for a person on the Age Pension
• 236 rentals (0.3%) were affordable for a person on the Disability Support Pension
• 3 rentals (0%) were affordable for a person in a house or share house on JobSeeker
• 0 rentals (0%) were affordable for a person in a house or share house on Youth Allowance.
Anglicare Australia Executive Director Kasy Chambers said that the rental crisis is getting worse, “Last year, renters were on the frontline of the pandemic. Now they’re being left out of the recovery. There aren’t enough affordable homes in any region. Country areas are becoming just as bad as the cities, with fewer rentals and higher asking prices than a year ago. We keep hearing that the economy is bouncing back. But the recovery is leaving too many people behind.”