Hobart has nosedived to become Australia’s least affordable capital city to rent, with income growth failing to meet soaring rents, according to the May Rental Affordability Index (RAI).
With an RAI of 102 in the December quarter, greater Hobart is now the least affordable capital city in Australia – knocking Sydney from its perch. Rents in Hobart are now unaffordable to even average income households. Read more…