RESIDENTIAL PROPERTY
YOUNG Australians on Youth Allowance payments have just $13 a day left to cover all expenses after paying their share of a typical two-bedroom unit.
According to new analysis by Homelessness Australia, to coincide with Youth Homelessness Matters Day, the cost of...
“After paying rent a young person on income support in Australia has only $13 a day to cover food, transport, medicine, power, and other costs....
“The reality is landlords will not rent to a young person whose budget is stretched this thinly, making it almost impossible for...
CPI indexing has seen all government income support payments increase by 10% over the last two years, but rents have surged by...
The result of this mismatched growth is an individual on Youth Allowance who paid 64% of their income two years ago to share a...
Comparatively, the Rental Affordability Index (RAI) shows that singles receiving JobSeeker payments, pensioners and part-time working parents are...
Keeping in mind that rental stress is most commonly defined as paying any more than 30% of income on rent, while severe rental stress is defined as spending...
According to a recent report by Savvy, low-income Australian households would need 117% of income to pay rent, with...
“We urgently need to lift Youth Allowance and Commonwealth Rent Assistance so young people have the income they need to...
“By failing to act, we are condemning growing numbers of young people to homelessness and poverty. It’s impossible to...
Currently 39,300 children and young people aged 15-24 come to homelessness services, according to the latest figures from...
“It is harder and harder for homelessness services to find young people a rental home and when they do, the rent is...