According to a recent report, Australians now require an income of six figures in order to afford the average rental costs.
Australians need six-figure income to afford average rental, report finds
March 25, 2025
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Median-income households can only afford just over a third of advertised rentals, according to a new report from real estate research body PropTrack.
According to a recent report from PropTrack, a real estate research organization, median-income households can afford only slightly more than one-third of listed rental properties.
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The finding that Australians need a six-figure income to afford the average rental is concerning and highlights the ongoing housing affordability crisis in the country. It underscores the challenges many individuals and families face in securing stable, affordable housing. With the rising cost of living, wages not keeping pace, and increasing demand for rental properties, it’s becoming increasingly difficult for many to find suitable accommodation without stretching their finances too thin.
This situation calls for urgent policy discussions and solutions, including more investment in affordable housing, reforms in the rental market, and support for those most affected by these issues. It’s crucial for both government and community stakeholders to address these challenges to ensure that all Australians have access to safe and affordable homes. What are your thoughts on how to tackle this issue?