For some time, the discussion on housing affordability in Australia has focused on the increasing cost of purchasing a home. Importantly, focusing on housing affordability through the lens of home ownership, does not provide insight into the households that are struggling with housing affordability most – those in the rental market.
National Shelter, Community Sector Banking and SGS Economics and Planning have formed a partnership to develop the Rental Affordability Index (RAI). The RAI examines rental affordability for all renting households in each state of Australia by postcode or suburb, and is produced quarterly. The RAI examines affordability trends in the rental market, with a particular focus on low income households.
Click here to read the RAI report.
Click here to read National Shelter’s media release on the RAI or Shelter Tas’ media release on the RAI.