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%|
|South – Inner||5.3%|
|South West – Inner||5.0%|
|South East – Inner||4.8%|
|North – Outer||4.2%|
|South – Outer||2.9%|
|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|
|Brisbane City/Spring Hill||17||17%|
|Ashgrove/Dorrington/St Johns Wood||35||12%|
|Ballymore/Ithaca/Kelvin Grove/Red Hill||37||11%|
|Highgate Hill/South Bris/West End||29||10%|
|Eight Miles Plains/Runcorn||43||10%|
|Ekibin/Holland Park/Tarragindi/Wellers Hill||94||5%|
|Cannon Hill/Morningside/Norman Park||96||5%|
|East Bris/Kangaroo Point||36||5%|
|Forest Lake/Carole Park||105||3%|
|Seventeen Mile Rocks/Sinnamon Park||17||-3%|
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