National Shelter, Community Sector Banking and SGS has released their biannual Rental Affordability Index (RAI), which has found that rental affordability for lower-income households has continued to worsen:
The table below (Table 1) shows how RAI scores relate to the severity of housing unaffordability. Scores of 100 and less indicate that households spend 30 per cent or more of their income on rent. At this level, rents are of such a level that they negatively impact on a household’s ability to pay for other primary needs such as food, medical requirements and education…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
