94 Percent of Income on Rent: Australian Youth Grappling With Affordability Crisis

The Property Council of Australia warned that Brisbane has below 3,000 apartments under construction this year.
94 Percent of Income on Rent: Australian Youth Grappling With Affordability Crisis
People work on new housing at North Lakes in Brisbane, Australia, on June 10, 2016. Glenn Hunt/Getty Images
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Youth aged 16 to 17 years old who live in shared homes in major Australian cities are grappling with a rental affordability crisis, even with income support.

Homelessness Australia’s analysis shows that a 16- to 17-year-old teenager sharing property in Sydney spends 94 percent of their income on rental, albeit lower than 99 percent in the previous year.

Celene Ignacio
Celene Ignacio
Author
Celene Ignacio is a reporter based in Sydney, Australia. She previously worked as a reporter for S&P Global, BusinessWorld Philippines, and The Manila Times.
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