New data shows rental affordability has hit record lows in nearly every major capital.
The annual Rental Affordability Index released by SGS Economics and Planning, and National Shelter, confirms low-income earners are bearing the brunt of soaring rents.
Lead researcher Ellen Witte says Perth has now overtaken Sydney as the least affordable city to rent in Australia.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2024-11-22/rent-prices-rise-most-unaffordable-in-perth-sydney/104628492
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on X (Twitter): http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia