The extent of housing stress across regional Victoria has today been revealed by Australians for Affordable Housing (AAH). Renters and home purchasers are struggling with high housing costs according to new modelling commissioned by AAH.
“Housing is the single biggest cost of living pressure in Australia. When low-income households spend more than 30 per cent of their income on housing costs they are officially in housing stress. This means they have very little left over to cover other costs like food, transport, bills or money for emergencies”.
Mildura is the hardest hit, with close to 20 per cent of households experiencing housing stress, Sarah Toohey, AAH Campaign Manager announced today.
“Renters are doing it even tougher than those with a mortgage. More than 45 per cent of renters in Mount Alexandra, Central Goldfields and Hepburn are experiencing housing stress,” Ms Toohey said.