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Affordable rentals in Australia slumped to half in last 12 months

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The number of affordable rentals listed on the national property market has almost halved within 12 months. New figures show the proportion of rented properties under $400 a week has dropped to less than a fifth of the market, making life even more difficult for those on low incomes.


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By Tys Occhiuzzi, Peggy Giakoumelos

Presented by Dilail Abimanyu

Source: SBS




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The number of affordable rentals listed on the national property market has almost halved within 12 months. New figures show the proportion of rented properties under $400 a week has dropped to less than a fifth of the market, making life even more difficult for those on low incomes.


A report issued by property data firm PropTrack shows the number of properties listed with rents below $400 a week has dropped.

In Hobart, that number was down 12 per cent in rental listings, while down 9 per cent in Darwin, and in A-C-T, down 2 per cent.

In regional areas, the availability of properties listed below $400 per week has dropped from nearly 38 per cent to 26 per cent.

And there have also been declines seen in other capitals.

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