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Number of affordable rentals in Australia at its lowest since records began


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PropTrack report finds availability at its lowest in 17 years, with only 39% of properties affordable for median income households

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The affordability of rental properties has reached its worst level since records began, a report has found.

The latest PropTrack Rental Affordability report found households on the median income of $110,000 per year could only afford 39% of available properties to rent.

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Continue reading…PropTrack report finds availability at its lowest in 17 years, with only 39% of properties affordable for median income householdsGet our morning and afternoon news emails, free app or daily news podcastThe affordability of rental properties has reached its worst level since records began, a report has found.The latest PropTrack Rental Affordability report found households on the median income of $110,000 per year could only afford 39% of available properties to rent.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…