Rental prices have skyrocketed, leaving Australian tenants an unsettling gap between the unavoidable sum and their wages. The “30 per cent rule” — or, spending no more than 30 per cent of your wage on rent — is a commonly used “measure of affordability” for renters. But that “comfortable” percentage was exceeded by every Australian suburb area listed in new housing data.
” Suburbs needed to have at least 500 rental properties in the area to be included in the study and, while NSW and Queensland dominated the national list, each state’s own breakdown was brimming with its own signs of unaffordability. In Greater Melbourne, rentals in the city’s north and CBD topped the state’s metropolitan list accounting for 56 per cent of wages earned by residents.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7NEWS reporter Rosanna Natoli declared mayor of Sunshine Coast Council7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsSydney - 🏆 16. / 63 Read more »
AFL doctors rage over ‘distorted’ drugs allegation as PM rejects push to step in7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »
Award-winning Bissell Spotclean machine slashed in price on Amazon7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »
TikTok star Anais Robin, 21, dead in tragic car crash7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »
Australian supermarket prices surge above world average amid calls to break up Coles-Woolworths duopoly7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »