Australia's affordable rentals halve over 12 months

New figures show the proportion of rental properties below $400 a week has fallen to less than a fifth of the market, making life even more difficult for those on lower incomes.

Source: Supplied

Key Points

• The number of affordable rentals listed on the property market nationwide has almost halved in the space of 12 months.
• The tenth consecutive interest rate rise means more pain not just for home-owners but also tenants being passed on the added costs.
• Kate Colvin, the CEO of Homelessness Australia, says Australia is in a housing crisis with interest rates pushing people further over the edge.

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Australia's affordable rentals halve over 12 months

SBS Filipino

09:19Filipino