MORE renters are facing an affordability tipping point and are being priced out of having a secure home as new data shows that rent increases are continuing, Everybody’s Home says.
New quarterly data by CoreLogic and Domain show rents continue to climb across most regional areas.
Everybody’s Home Everybody’s Home is a housing affordability campaign which has called on governments to prorioritise first-home buyers over property speculators by resetting the tax system.
Spokesperson Maiy Azize said people could only stretch their budgets so much.
“No matter what data you look at, rents are climbing across Australia and remain stubbornly high,” she said.
“More and more renters are hurting and reaching an affordability cliff.
“Cutting back on meals, medicines, and heating are becoming terrifying realities for many tenants as they try to keep up with eye watering rents.
“The worst housing crisis in living memory is stopping people from pursuing their life dreams like starting a family.”
“The best way to end this crisis is to limit unfair increases, and build more affordable and social housing.
“We continue to call for the Federal Government to build 25,000 social homes every year to fix the housing emergency – and push state governments for limits to rent increases.
“Social housing doesn’t just help those who need it most, it also frees up more rentals in the process.”
