Housing affordability hitting low-income renters

Font Size:

Anglicare has released its annual, Rental Affordability Snapshot (RAS) report that reveals low-income renters are being pushed out of the market, with available properties either unaffordable or unsuitable.

The report, which uses rental-listing data from realestate.com.au. has found that for those single and on the Age Pension, there were only 1097 properties that were affordable and appropriate to rent. Couples fared a little better, with 2897 properties that they could both afford and that were suitable. However, it is worth noting that the location of these properties may render them impractical for many renters searching for accommodation.

As well as detailing national rental affordability, the report is also borken down into states and territories and highlights the disparity between metropolitant and regional rental availability. for example, in Metropolitan Melbourne, it was found that for those single and on the Age Pension, only 13 properties were affordable and appropriate, while for couples that number rose to 65. Regional Victoria had a greater number but, of course, spread over a greater geographical area. Those single on the Age Pension could have access to 67 affordable and accessible properties, while couples could access 332.

The report also notes that, over the last year, there has been a considerable decline in the number of rental properties on the market, which could signal a distinct move from homeownership to long-term renting among middle-income earners. If this is indeed the case and the trend continues, it could make it even more difficult for those on low incomes to secure rental properties.

The report calls for a significant investment in social housing, with all levels of government called on to consider alternative and creative solutions to the housing affordability crisis.

As we know from YourLifeChoices Retirement Affordability Index, a whopping 29 per cent of the income of a single renter on an Age Pension will go on paying rent. This compares to 22 per cent for couples on an Age Pension who rent, and is just under the 30 per cent threshold where housing stress kicks in.

The knock-on effect is perhaps more concerning, with singles on the Age Pension who rent spending only six per cent of their income on health – from whihc we can deduce means missed doctors appointments and deferring essential health treatment.

You can download the Anglicare Australia report at anglicare.asn.au


Housing affordability not an issue

The Government's 20-month inquiry into housing affordability gave its findings on Friday.

Five Budget 2017 no-brainers for Sco-Mo

How Scott Morrison can help retirees in Budget 2017.

Written by Debbie McTaggart


Sign-up to the YourLifeChoices Enewsletter

continue reading


Australians give big thumbs down to the public service

Only 27 per cent of Australians believe the public service acts in the public interest and only 22 per cent...

Brain health

Normal tension glaucoma linked to cognitive impairment

Australian researchers say they have established a link between the eye condition glaucoma and cognitive impairment, the state that often...


Old wives' tales put to the test

Alice Shaw-Beckett, from cleaning company Cleanipedia, dissects 13 old wives' tales related to cleaning and pest control to discover whether...

Travel & Motoring

Consider this when deciding on a roadside assist deal

A reader raised an interesting point that I hadn’t considered before. When she bought her new car, it included -...

Technology News

Which portable heater is best?

As the famous Stark motto from Game of Thrones states, 'Winter is Coming' and that means putting the flannelette sheets...


What works, what won't, if you get your phone wet

Ritesh Chugh, CQUniversity Australia If you've ever got your phone wet in the rain, dropped it in water or spilt...


Are natural alternatives better than refined sugar?

Eating sugar shouldn't be demonised and tucking into a bar of chocolate after a stressful day is nothing to punish...

Health news

What your body may be trying to tell you

One of the unforeseen outcomes of a pandemic is that fewer people are going to the doctor to get unusual...