2024 Rental Affordability Snapshot shows record unaffordability nationwide

Summary: The 2024 Anglicare Australia Rental Affordability Snapshot reveals the lowest ever number of affordable rentals nationwide. Average rents are $200 higher than pre-pandemic levels. Only three properties are affordable for JobSeeker recipients, and none for youth allowance recipients. Anglicare calls the situation "horrifying," with just 13.4% of rentals affordable for a family of four on minimum wage. Tax reform and federal involvement in social housing are suggested solutions.

Full article