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The cost of renting in many parts of Queensland continues to rise according to the Rental Affordability Index (RAI).
The report reveals Brisbane has seen a massive decline in affordability, with one year’s decline in rental affordability wiping out four years of improvement in Brisbane.
A similar trend is evident from Maroochydore to Noosa, which are now unaffordable or severely unaffordable.
Regional Queensland has fared much worse, with affordability significantly decreasing in the Gold Coast. Areas such as Helensvale, Broadbeach and Robina are now severely unaffordable.
The RAI indicates the price of rents relative to household incomes based on new rental agreements. It is released annually by National Shelter, SGS Economics & Planning, the Brotherhood of St Laurence and Beyond Bank Australia.
To read the National media release, including comment from National Shelter Executive Officer Adrian Pisarski, click here.
To view the interactive map and find out how your area is fairing in rental affordability, click here.