Regional rent crisis deepens

Peter Bannan Dec 07 2024

People on low incomes are suffering the most, with a single person on JobSeeker facing 'extremely unaffordable' rents, with 59 per cent of their income going towards a rental.

RENTAL affordability in regional Victoria continues to rapidly decline, hitting a historic low in 2024.

Low-income earners are bearing the brunt of the crisis, according to the annual National Shelter-SGS Economics and Planning Rental Affordability Index.

The average rental household in regional Victoria paid 28 per cent of the gross income of $84,203 if renting at the median rate.

Data for the...

Gannawarra Times

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