Fasco-housing complex welcomes Hobart to the nightmare

The 2019 National Shelter Rental Affordability Index has been released, which shows that rental affordability across Hobart has crashed and is now the worst in the nation:

Greater Hobart continues to be the least affordable capital city in Australia. Rental affordability in Hobart has dropped considerably over recent quarters and it is now the only capital city in Australia where rental affordability for the average income household has dropped below the critical threshold of 100 to a RAI score of 93 in June 2019. This means that even average income household is now paying 30% of their income or more on rent. Although household incomes in Tasmania are significantly lower than the national average, rents are only marginally lower than mainland averages. The gap between income and rent has been widening over the past three years…

There are 1157 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.