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National rental prices rise to half average Australian income

World 1 source 1 country 🔦 Under-reported 25m ago

National rental prices across Australia have risen to consume more than half of the average worker's income. According to the housing advocacy group Everybody's Home, renting a housing unit now exceeds 50 percent of the median take-home pay for a single worker in every Australian capital city.

The findings highlight mounting cost-of-living pressures within the Australian housing market, reflecting severe affordability constraints for single-income earners seeking rental accommodation in urban centers.

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Read the full story at the source ABC News (AU) · AU
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