fresh South Wales is the least affordable state with a family on $500 a week spending 65% of their income on rent as home ownership rates also shrinkAustralia is suffering a rental affordability crisis as home ownership shrinks and more people are squeezed out of renting a home by soaring prices,a fresh report reveals.
The first Rental Affordability Index produced in Australia shows renters face a greater financial challenge than homeowners. Rental housing is slipping beyond the grasp of low-income families, who are faced with paying nearly two-thirds of their income in rent, or the index shows.
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Source: theguardian.com