Monday, 8 May 2017

Rental housing affordability in regional Australia, 2017

Anglicare Australia’s latest Rental Affordability Snapshot, April 2017, does not offer good news for individuals, couples and families in regional areas who cannot afford to purchase their own home:

Single income households

Single people in regional areas are still hard hit by housing unaffordability. Regional areas generally have fewer services and higher unemployment rates, raising the dilemma of “if you can afford to live there, there are no jobs and if there are jobs, you can’t afford to live there!”

Of the 13,739 regional properties analysed on the collection weekend, there were fewer than five properties that would be suitable for a single person on Youth Allowance (#9 or #10) (n=2 & 3). For those on Newstart, the appropriate properties ranged from 0.1% for singles on Newstart (#8) (n=18), increasing to 1.7% (n=235) for a single parent on Newstart (#5). Singles on the Disability Support Pension (#7) could access 3.49% (n=542) of properties surveyed. An age pensioner (#6) could access 5.0% (n=687) of properties surveyed, however, many of these properties were share houses so there are questions about how successful an application by an age pensioner for this property type would be.
Singles living on the Parenting Payment with one child (#4) could access 7.2% of rentals (n=986), while those on the same payment with two children (#2) could access 5.5% (n=751).
Singles living on the minimum wage might apply for 1,207 properties (8.8%) if on their own (#13) or 2,534 properties (18.4%) if they have two children (#12).
Double income households
A couple living in regional area with two children on the minimum wage (#11) might access 46.7% of all rentals (n=6,422). However, the same family living on Newstart (#1) might only access 8.2% (n=1,133).
An Age Pension couple (#3) could afford 16.7% (n=2,295) of the 13,739 properties.
Couple households living with two children on minimum wage and parenting payment (#14) might access 28.1% of the rentals (n=3,854).

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