Analysis reveals that rents have risen to more than one-third of workers’ weekly income in most of Australia’s geographic regions, causing essential care and service workers to face a rental crisis in Australia doing.
Everybody’s Home, an affordable housing campaign group, cross-referenced SQM Research’s rent data with basic hourly wages for disabled care, senior care, childcare, hospitality and supermarket workers.
Research (pdf) Marked the start of the group’s national homeless week campaign.
The numbers show that rents for apartments in nine regions across New South Wales, Queensland, and ACT cost more than two-thirds of their weekly income.
In an additional 78 regions around Australia, more than one-third of the weekly wages of basic workers were paid.
Kate Corbin, a national spokesman for Minna no Ie, said Australia’s most important caregivers and service workers were disappointed with the housing system and were priced by the communities they served.
“Amazing rents are the worst in our major cities, but essential workers are increasingly being priced by coastal and shrub communities,” Corbin said. “People with big city income are moving to the region and completely distorting the rental market.”
She sought to expand social and affordable housing to give low-income and middle-income Australians more options.
“It’s totally unfair and unsustainable to expect exhausted elderly care workers and supermarket workers to commute to work for 90 minutes just to pay the rent,” Corbin said. .. “Australia can do better.”
Analysis is Previous report According to the Australian Institute of Housing and Urban Studies (AHURI), many major workers in the capital, especially Sydney and Melbourne, are struggling to buy or rent a home at the level of income.
AHURI also suggested that the government should increase the supply of affordable housing for both rental and ownership to support workers in this sector.
Real Estate Researcher CoreLogic found Its rent experienced the highest annual growth rate in more than 10 years in the June 2021 quarter, up 6.6% compared to June 2020.
Reflecting Corbin’s concerns, CoreLogic found that regional rents (2.7%) outperformed city rents (1.9%) in overall quarterly growth.
However, the COVID-19 limit also had a negative impact on rents, as Australia’s largest cities traditionally depended on international immigrants. Rents for CBD housing in Sydney fell 1.1%, while rents in Melbourne fell 6.4%.
“It’s interesting to note that rent prices, like home prices, are slowing growth at the national level and across each capital,” said Eliza Owen, Australian Research Director at CoreLogic, on July 19. .. Despite the affordable price constraints, the level of rental supply can increase as investors become more active in the market. “
Rent rises are behind the extraordinary rise in home prices in the housing market, with median home prices above $ 1.4 million in Sydney and over $ 1 million in Melbourne and Canberra.