Apartment rents now cost more than half a typical single worker’s take-home pay in all Australian capital cities, report finds

Advocacy group warns of widespread housing stress as rents rise Get our breaking news email, free app or daily news podcast Renting a unit in any of Australia’s capital cities now costs a typical single worker most of their take-home pay, spurring advocates to urge Labor to offer renters more protections. New modelling shows someone earning $70,000 – close to the median annual income – would have to spend two-thirds of their earnings to rent the median Sydney apartment. Continue reading...