Rental affordability hits its worst levels in nearly a decade
A new report showing Australia’s rental affordability has hit its worst levels in nearly a decade underscores the need for more social and affordable housing, according to Everybody’s Home, a coalition of housing, homelessness and welfare organisations coordinating a national campaign to fix the housing crisis.
In the latest ANZ CoreLogic Housing Affordability Report, it says the median household would need to spend almost a third of its income to service a new rent lease – putting them in housing stress – while lower income families would have to pay more than half their earnings.
Luke speaks with Everybody’s Home spokesperson Maiy Azize, who like many others, has called for more social and affordable housing saying, “For the sake of people’s mental health, safety, and financial security, Australia can’t afford to continue delaying building more social housing.
“We already have a shortfall of 640,000 social homes and that need will grow with inaction”.
“It’s time for the Federal Government to invest serious dollars into social housing by building 25,000 of them every year.”
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