Renters Struggling as Costs Soar Post-Pandemic

A new report has revealed the significant increase in rental costs across Australia's capital cities since the start of the COVID-19 pandemic. Renters are now paying an average of $15,000 more per year compared to pre-pandemic levels. This surge in rental prices is pushing many Australians into housing stress and homelessness, as they struggle to afford basic necessities while keeping a roof over their heads.

Key Points:

• Significant Rent Increases: Renters in Australia's capital cities are now paying an average of $15,000 more per year to rent a house compared to 2020.
• Housing Stress and Homelessness: The steep rise in rents is leading to increased housing stress and homelessness, as people sacrifice essential needs to afford their rent.
• Call for Social Housing: Everybody's Home is calling for more social housing to address the housing crisis, citing a significant shortfall of 640,000 homes.
• Proposed Reforms: The organisation is also advocating for reforms such as phasing out tax breaks for property investors and increasing Centrelink payments to help alleviate housing affordability issues.

Additional Information:

• Specific City Data: The report details the average rent increases in each capital city, highlighting the most significant rises in Perth and Sydney.
• Impact on Liveability: The rising cost of living is affecting the liveability of cities and the quality of essential services as people are forced to move away from areas where they work.
• Government Action: The report calls on the federal government to take immediate action to address the housing crisis, including implementing policies that reflect the severity of the situation.