Just 1.2 per cent of rental properties in Australia are affordable for minimum wage earners, analysis finds

The national rental affordability snapshot, published on Thursday by Anglicare, revealed the number of affordable properties for minimum wage earners had halved from 1,688 homes in 2020 to just 859 this year.“hasn’t made a dent” in housing affordability, Anglicare’s executive director Kasy Chambers said, with even fewer affordable rentals now than there were before the boost.

Out of 74,000 listings surveyed only three were affordable for single people on JobSeeker, 236 for Disability Support Pension recipients, and 386 for people on the Aged Care Pension. For out-of-work couples with children, there are only about 270 affordable rentals available - down from 589 last year.

Ms Chambers is calling on the government to urgently prioritise affordable housing in next month’s federal budget as the country continues on its economic recovery after COVID-19.“We keep hearing that the economy is bouncing back. But the recovery is leaving too many people behind,” Ms Chambers said.Here’s what the $3.57-a-day JobSeeker boost will mean for single mother Amy and her two kids

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Asher_Wolf And those three affordable properties for Jobseeker recipients would be uninhabitable. 80aDay

Population property ponzi for the rent seekers. A national disgrace Australians

Single incomes are struggling to save deposits and are as such forced into rental. Landlords are making profit from a captive market. One suspects that will not change until either investment property benifits decrease or interest rates rise or govts fully subsidise deposits.

Air BnB helped raise prices of housing as you can rent out your flat/house for more to tourists than a proper Aussie in need of a home! Also no one wants to truly share with 4-5 others they hardly know just to have a roof over their head!

Has anyone ever done a survey of how many houses or flats, apartments are permanently empty waiting for a capital gain while writing off holding costs against other income?

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