The first report from the Australian Housing and Urban Research Institution, investigating the supply of, and demand for private rental dwellings affordable to lower income households in 2011, compared to 2006, has been released.
Key findings from the report include:
- The private rental sector grew more strongly between 2006 and 2011 than in the two previous intercensal periods.
- There was a loss of lower rent dwellings and an increase in higher rent properties 2006–11, to a greater degree than in previous intercensal periods.
- Weekly rents were strongly clustered between $300 and $500 a week in 2011; higher in real terms than in 2006, and these rents were unaffordable to many households on lower incomes using the 30 per cent of income affordability benchmark.
- The most striking change in private renter household incomes between 2006 and 2011 was the increase in households with higher incomes, which exceeded that of the prior intercensal periods.
- Very-low-income (Q1) households faced a shortage of 187 000 affordable dwellings nationally in 2011, up from 138 000 in 2006. However, when occupation of affordable dwellings by higher income (Q2–Q5) households was taken into account, there was a shortage of 271 000 affordable and available rental dwellings for Q1 households (up from 211 000 in 2006).
- Low-income (Q2) households, in contrast, had an apparent surplus of affordable dwellings of 521 000 nationally in 2011 (a slight decrease compared with 2006). However, when occupation by higher (Q3–Q5) and some lower (Q1) income households was taken into account, there was a shortage of 122 000 affordable and available dwellings nationwide in 2011 (up from 87 000 in 2006).
More information on the CHFA website here.
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