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Mar 16, 2012
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Rent rises pricing families out, as 34,000 struggle with rents. Affordable rentals must be key in this election campaign: AAH

Families in over 60 per cent of Brisbane suburbs have seen rents in their area increase above inflation in the last year. With over 34,000 renters in Brisbane in housing stress Australians for Affordable Housing is calling on candidates in the Queensland election to invest in affordable housing to make sure that Brisbane families do not get priced out of their local community.

New analysis from Australians for Affordable Housing using bond data show that renters in the inner north and northwest faced the steepest increases, with rent hikes of 8 per cent and 9 per cent respectively.  A full list is attached.

“New rents in Ashgrove, Dorrington and St John’s Wood rose by 12 per cent in the last year and by 9 per cent in Alderley, Enogerra and Grange” said Sarah Toohey Campaign Manager for Australians for Affordable Housing.

“Suburbs like Teneriffe and New Farm saw the asking price for new rentals rise by a whopping 39 per cent, (but with low transaction volumes in these areas these statistics may not give the full picture)” 

“It’s clear that the market is not delivering affordable housing to the majority of renters in Brisbane and yet struggling renters have not heard one word from either party in this election campaign that would help ease their housing stress.

“I don’t know many people who received a 9 per cent pay rise last year but many renters in the inner north west received a pretty hefty rental increase, it’s simply not sustainable,”

“With the election battleground in the suburbs of Brisbane we hope to see parties compete to deliver the best housing policy and not simply let Brisbane residents suffer rising rents.  Now is the time to promise new affordable rentals to boost the supply of housing.

Australians for Affordable Housing is a coalition of national housing, welfare and community sector organisations working  to highlight the problem of housing affordability in Australia. For more information visit www.housingstressed.org.au

Spokesperson: Sarah Toohey, 0427 563 989/ Media enquiries: Stephanie De Campo, 0432 828 004 

Follow AAH on Facebook and Twitter: @housingstressed

Rent increases by Brisbane regions

 

North West – Inner  8.7%
North – Inner 7.5%
North West – Outer 6.9%
City Inner 5.3%
South – Inner 5.3%
South West – Inner 5.0%
South East – Inner 4.8%
North – Outer 4.2%
South – Outer 2.9%
Bayside 2.7%
South West – Outer 1.4%
South East – Outer -3.8%

Brisbane suburbs rent increase league table

  Number of lettings 3 bedroom  house % change in rents
New Farm/Teneriffe 21 39%
Anstead/Bellbowrie/Moggill 14 29%
Brisbane City/Spring Hill 17 17%
Northgate 17 16%
Kuraby 12 14%
Buranda/Dutton Park/Wooloongabba 23 12%
Ashgrove/Dorrington/St Johns Wood 35 12%
Milton/Paddington/Rosalie 54 11%
Ballymore/Ithaca/Kelvin Grove/Red Hill 37 11%
Highgate Hill/South Bris/West End 29 10%
Greenslopes/Stones Corner 32 10%
Eight Miles Plains/Runcorn 43 10%
Archerfield/Coopers Plains 16 9%
Alderley/Enogerra/Gaythorne/Grange/ Newmarket/Wilston 77 9%
Bardon/Jubilee/Rainworth 20 9%
Banyo/Nudgee/Virginia 35 8%
The Gap 27 8%
Aspley/Boondal/Geebung/Zillmere 116 7%
Doboy/Hemant 10 7%
Chelmer/Indooroopilly/Taringa 53 7%
Clifton Hill/Moorooka/Tennyson 53 7%
Lota/Manly 55 7%
Balmoral/Bulimba/Hawthorne 47 6%
Annerley/Fairfield 40 6%
Chermside/Craigslea 43 6%
Brookside/Everton Park/McDowall/Stafford 151 6%
Arana Hills/Keperra 45 6%
Mansfield/Mt Gravatt/Wishart 137 5%
Calamvale/Drewvale/Stretton 16 5%
Gordon Park/Kedron 45 5%
Ekibin/Holland Park/Tarragindi/Wellers Hill 94 5%
Belmont 5 5%
Camp Hill/Carina/Carindale 113 5%
Brookfield/Chapel Hill/Kenmore 47 5%
Cannon Hill/Morningside/Norman Park 96 5%
East Bris/Kangaroo Point 36 5%
Bracken Ridge/Brighton/Deagon/Sandgate 113 4%
Nundah/Toombul/Wavell Heights 66 4%
Forest Lake/Carole Park 105 3%
Salisbury 27 3%
Algester/Parkinson 26 3%
Jindalee/MtOmmaney/Sumner/Westlake 61 3%
Lindum/Lytton/Wynnum 90 3%
Corinda/Graceville/Oxley/Sherwood 85 3%
Bowen Hills/Valley/Herston/Newstead 9 2%
Ascot/Hamilton 19 2%
Tingalpa 15 1%
Fitzgibbon/Taigum 16 1%
Coorparoo 33 1%
Auchenflower/MtCootha/Toowong 46 1%
Clayfield/Hendra 37 0%
Lutwyche/Windsor/Wooloowin 52 0%
Brisbane Market/Rocklea 15 0%
Altandi/Macgregor/Robertson/Sunnybank 83 0%
Acacia Ridge/Larapinta/Willawong 40 0%
Doolandella/Durack/Inala/Richlands 72 0%
Darra/Wacol 27 -2%
Murarrie 7 -3%
Seventeen Mile Rocks/Sinnamon Park 17 -3%
Albion/Breakfast Creek 10 -5%
Bald Hills 13 -7%
Yeronga 20 -7%
Ironside/St Lucia 13 -8%

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