Australia’s annual “Rental Affordability Index” shows, for the first time ever, tenants in Perth and Sydney are spending more than 30% of their weekly income on rent - the official figure tipping households into financial hardship.
Keagan is on a disability support pension, currently searching for a more affordable rental - something that’s increasingly out of reach.
Keegan is just one of millions of Aussies under severe rental stress.
The situation is even worse for those on Jobseeker - with Centrelink recipients reportedly spending almost 90% of their income on rent - for singles on the payment , the cost of housing is now extremely or critically unaffordable.
So, with a critical housing shortage, and no interest rate relief on the horizon, are we sliding towards an unstoppable homelessness crisis?