Rental Affordability Index reveals the cost of rent now skyrocketing in some Queensland regions

Abstract

The latest annual report based on the Rental Affordability Index (RAI) reveals there has been a significant decline in affordability across some regions in Queensland, with the cost of rent now skyrocketing.

Families being forced to live out of tents and caravans meant for a holiday not as a permanent living situation.

Mr Pisarski said the other concern was under-investment in social housing at the bottom end of the housing system.

“There’s a lot of people in the rental market that really should be in social housing, paying much less of their meagre incomes to acquire housing, and that would take pressure out of the rental market.

“The Australian Housing and Urban Research Institute estimates that there are at least 1.3 million Australian households in rental stress in Australia — that’s a hell of a lot of people.”