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Australia confronts its worst rental affordability crisis in 17 years

SBS Nepali

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A 'For Lease' sign at the entrance of a property in Sydney.

A 'For Lease' sign at the entrance of a property in Sydney. Credit: Lisa Maree Williams/Getty Images

Australia is facing its worst rental affordability crisis in 17 years, with soaring rent prices outpacing income growth, affecting millions. The latest PropTrack Rental Affordability report finds households on the median income of $110,000 per year could only afford 39 per cent of available properties to rent.

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By Essam Al-Ghalib, Sydney Lang

Presented by Dinita Rishal

Source: SBS

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Australia is facing its worst rental affordability crisis in 17 years, with soaring rent prices outpacing income growth, affecting millions. The latest PropTrack Rental Affordability report finds households on the median income of $110,000 per year could only afford 39 per cent of available properties to rent.

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