Apartment rents now cost more than half a typical single worker’s take-home pay in all Australian capital cities, report finds

theguardian.com

Advocacy group warns of widespread housing stress as rents rise Get our breaking news email , free app or daily news podcast Renting a mid-priced unit in any of Australia’s capital cities now costs more than half a typical single worker’s take-home pay, spurring advocates to urge Labor to offer renters more protections. New modelling shows someone earning $70,000 – close to the median annual income – would have to spend two-thirds of their earnings if they wanted to rent the median Sydney apartment. Continue reading...