Renters across capital cities are feeling the pinch as housing affordability in regional areas continues to deteriorate, according to the latest Rental Affordability Index.
The study reveals a concerning trend, with regional rents steadily rising and surpassing income growth, making it harder for both urban and rural Australians to secure affordable housing.
The Rental Affordability Index, a widely respected tool for assessing housing affordability, paints a bleak picture for renters.
The index indicates that regional rental prices have outpaced income growth, causing strain on households and forcing many to allocate an increasingly significant portion of their income to rent.
This alarming trend is not limited to regional areas alone; it has ripple effects on capital cities, where renters are also feeling the financial pressure.
