Rental Affordability Index May 2017. Pensioners and working parents being priced out

Pensioners and working parents have been priced out of the rental market in all metropolitan areas across Australia, according to the latest Rental Affordability Index (RAI), released on 17 May 2017. Rental affordability dropped over the last quarter in all metropolitan areas, except Perth.

“The latest Rental Affordability Index is a wake up call - without swift coordinated action to tackle housing affordability, Australia will become a divided country, with pensioners, working parents and other low income groups locked out of living in metropolitan areas,” said Andrew Cairns, CEO Community Sector Banking.

“The RAI shows that working families – not just low income households – are now being priced out of Australia’s metropolitan rental markets. Housing for pensioner groups is also in a particularly critical situation, given their additional needs and service-dependence,” said Ellen Witte, Partner at SGS Economics and Planning.

“This index reminds us how much work governments, the community and private sectors have to do. While the budget introduced some welcome measures house price inflation is locking people out of ownership and putting much greater pressure on rental markets which remain unaffordable and displaces low income households into the margins,” said Adrian Pisarski, Executive Officer of National Shelter.

National Shelter, Community Sector Banking and SGS Economics and Planning have released the Rental Affordability Index (RAI) on a biannual basis since 2015 as an indicator of rental affordability relative to household incomes. This release highlights the situation for low income groups, including aged pensioners and part-time working parents.

Download the full report from http://www.shelter.org.au/may-2017-release-rental-affordability-index

Use this link(link is external) to use the interactive maps to see affordability by postcode

 

You might also like to check out:  Millions engage with #RentInOz report from Choice, National Shelter & NATO

National Shelter has partnered with CHOICE and the National Association of Tenants’ Organisations to call for governments to prioritise rental security and quality issues, alongside housing affordability, as a national study reveals widespread fear and discrimination faced by thousands of Australians.

The report was released on 16 February 2017 and literally millions of people engaged with the story via Twitter, newsites, and broadcast media stories.  The hashtag #RentInOz trended on Twitter.  With one third of Australain households renting (up from 25% a decade ago) rental affordability, accessibility and quality are growing concerns.  

“Governments across Australia are rightly focused on the issue of housing affordability. Affordability is extremely important to renters, but it can’t be addressed without also looking at the quality and security of housing.” said Adrian Pisarski, National Shelter’s Executive Officer.

“It’s hard to imagine a product or service this poor in any other sector. As consumers of rental properties, tenants have to deal with major quality issues like mould or flooding and are systematically denied access to a timely remedy,” said Alan Kirkland, CHOICE CEO .

“Worringly, we found that renters with more experience in the market were less likely to complain when something goes wrong which illustrates the entrenched culture of fear among renters. This is all the more of a concern when you consider the rising number of long-term renters across Autralia,” said Ned Cutcher, National Association of Tenants’ Organisations spokesperson.

Key findings 

  • 83% of renters in Australia have no fixed-term lease or are on a lease less than 12 months long
  • 62% of people say they feel like they can’t ask for changes
  • 50% of renters report experiencing discrimination when applying for a rental property
  • 50% of renters worried about being listed on a residential tenancy database
  • 20% renters experiencing leaking, flooding and issues with mould
  • 8% of renters are living in a property in need of urgent repairs

See the full report here.

You can also read the media release here(link is external).

 

 

What's new

17 May 2017

Pensioners and working parents have been priced out of the rental market in all metropolitan areas across Australia, according to the latest Rental Affordability Index (RAI), released on 17 May 2017. Rental affordability dropped over the last quarter in all metropolitan areas, except Perth.

20 February 2017

 

National Shelter has partnered with CHOICE and the National Association of Tenants’ Organisations to call for governments to prioritise rental security and quality issues, alongside housing affordability, as a national study reveals widespread fear and discrimination faced by thousands...

22 August 2016

This paper is part of a partership between Queenslanders with Disability Network, Griffith University and National Shelter.

The project’s overall objective is to develop a position statement on housing and housing assistance that facilitates the independence,...