Rising Rents Eating up Low-Income Worker Pay Gains

‘International competition for both materials and labour remains intense.’

Medium density houses are seen in Sydney, Australia, on Jan. 11, 2024. Jenny Evans/Getty Images

Low-income households are forking out more than half of their income on rent, analysis shows.

Property data firm CoreLogic and ANZ bank found rents at the lower end of the market were rising faster than more premium offerings, with the 25th percentile rent lifting $53 (US$34) a week in the past 12 months.