New report shows average households are spending a third of income on rent while lower income families pay more than half their earnings
Get our morning and afternoon news emails, free app or daily news podcast
Australian rental affordability has dropped to its worst levels in nearly a decade, with the average household spending a third of its income on rent, as the impacts of the Covid pandemic continue to be felt on the market.
Lower income households pay even more, with more than half of their income going towards their rent, according to new research from ANZ and CoreLogic.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
More Stories
China refused investigation into ship linked to severed Baltic cables, says Sweden
Tulip Siddiq questioned over multibillion-pound embezzlement allegations
Spain’s socialist leader has defied expectations. Are there lessons for Starmer?