Social welfare charity Anglicare and realestate.com.au have teamed up again to provide their 2017 rental affordability snapshot and it’s not pretty. Of more than 67,000 properties listed on the market in metropolitan and regional parts of Australia, a mere 29 nation wide were found to be affordable to a single person on Youth Allowance or Newstart.
Single people earning the minimum wage (around $35,000 a year) have a few more options, but not many.
“Singles on a minimum wage could find 1,914 suitable rentals, equating to 2.83 per cent of the total private rentals on the snapshot weekend,” the report said.
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Anglicare: Rental Affordability Snapshot