Housing in Australia – what the 2016 Census release says

Rental property_abc websiteIn conjunction with declining home ownership we are also seeing an increasing proportion of renter households in Australia.

Australian renters are paying higher rents – median household rent has increased at a greater rate than median personal income. This has greatest impact on single person households and single-parent and couple households where there is only one income.

The median single income household would need to spend more than 50% of their household income to pay the median rent. This is unaffordable by any measure and is indicative of the housing stress facing Australian renters.

Read more here or here.

 

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