Rental affordability has nosedived in Hobart over the past year, the latest release of the Rental Affordability Index (RAI) has found.
Hobart is the least affordable capital city in Australia, with households earning a moderate income paying close to 30 percent of their income on rent. This is on the cusp of the rental stress threshold, where low-income households are likely to experience difficulty affording essential cost of living , such as food, heating, medicine and transport. Read more..