There is not one property across Australia that is affordable to someone on youth allowance, as experts call for the federal government to build 25,000 homes a year for the next two decades to ease the crisis.
  • In short: The 2024 Anglicare Australia Rental Affordability Snapshot has recorded its lowest ever amount of affordable rentals across the country.
  • Its annual report, released today, shows the number of affordable rentals available for different Australian households on low incomes.
  • The report has found housing availability has not recovered since the start of the COVID-19 pandemic – with average rents $200 a week higher than pre-pandemic levels.
  • Cypher
    10·
    7 months ago

    Rent got high enough it matched the interest on a loan for me… so now I’m a home owner.

    Understandably not everyone is in that position but I hope we can boost home ownership rates or we’re in for a very bad time.