‘Distressing’ report names Perth the most unaffordable capital for renters

Australian households spend twice as much of income on mortgages than five years ago, report shows

Servicing a new mortgage eats up 45% of a median household’s pre-tax income, up from 26% in September 2020, the analysis revealsGet our breaking news email, free app or daily news podcastThe average Australian household needs to dedicate nearly twice as much of their income to paying their mortgage than they did five years ago, according to a new report.The latest findings from property research firm Cotality come as the Albanese government come…

Rental surge to spark massive rates shock for WA families

WA’s surging rental market is poised to trigger a fresh hip pocket calamity, with council rates set to jump for homeowners.

'It's climbing the ladder': The rental crisis pushing working families to the brink

Rental stress is at its worst levels on record, with renters in one city now spending nearly a third of their income on housing.

‘Distressing’ report names Perth the most unaffordable capital for renters

The National Shelter Economics and Planning Rental Affordability Index, which compares median rent to average income, found Perth has retained its position as Australia’s most unaffordable capital city.