the average family is forking out over a third of their gross income just to keep a roof over their heads.
national median rents have reached record numbers per week, as a severe property shortage chokeholds vacancy rates at a measly 1.6%.
the rental market is splitting in two, and it is not looking great for anyone in sydney. house rents there just jumped fifty bucks a week in a single quarter, hitting a massive eight hundred and fifty dollars. while melbourne is seeing things cool off slightly, the national picture is still one of record lows for available listings, which are currently sitting nearly twenty percent below the five-year average.
this isn't just a vibe; the numbers show that rent is now officially outstripping how much we actually get paid. young australians are now up to three times more likely to be in housing stress than older generations. with landlords potentially hiking prices in response to new housing policy talks, the gap between what you earn and what you pay to live is getting harder to close.
