Monday, April 30, 2018

Anglicare Rental Affordability Snapshot 2018

Anglicare Australia have released their latest 'Rental Affordability Snapshot' and find that the rental crisis is worse than ever. The Snapshot surveyed over 67,000 rental listings across Australia and found that there is a chronic shortage of affordable rentals across Australia. The Snapshot is consistently a powerful reminder of how tough it can be surviving in the rental market on lower incomes.

(C) RL Crabb 2015

We've had a look at the numbers for NSW - it's bleak.

Across Sydney, for any household type with children and relying on any form of income support there were 0 properties available and affordable for rent.

Across NSW, for any singles on Newstart or Youth Allowance there were 0 properties available and affordable for rent, including in sharehousing.

Across the rest of the country
– 485 rentals were affordable for a single person on the Disability Support Pension
– 180 rentals were affordable for a single parent with one child on Newstart
– 3 rentals were affordable for a single person on Newstart
– 2 rentals were affordable for a single person in a property or share house on Youth Allowance
– 0 rentals were affordable for a single person on Newstart or Youth Allowance in any major city.

One thing to keep in mind with the Rental Affordability Snapshot and most measures of rental affordability is that they are measuring the rents at the point people are moving. The complete absence of available and affordable options may weigh heavily in the minds of tenants who are living in substandard, inappropriate but not quite as expensive accommodation - what are their real options? Even if they were to move, would any one approve their application?

One of the findings of the report is that there are more rental properties available than before - but it hasn't helped with affordability. The market is failing to provide homes for people on lower incomes. What we need is a massive increase in the number of "market-proof" housing - housing supply which is aimed not at achieving the most profitable outcomes, but the most necessary. This is the role of good government - we hope they are listening!

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