Thousands of Australians face rental stress as wages stagnate

Rising rents and stagnate wages are pushing thousands of Australians from all walks of life into housing stress as more of the weekly budget is soaked up by costs of living.

The Australian Housing Income Gap Report (AHIG) released by Compass Housing Services today has found that even Australians with well-paying jobs are struggling to comfortably afford rent in inner-city properties.

By definition, a tenant is defined as being in “housing stress” when they are forced to spend more than 30 percent of their weekly earnings on rent.

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