Anglicare’s recent survey into affordable rent in Sydney and the Illawarra has found that it getting almost impossible for couples on Newstart allowances or and single pensioners to find a rental property they can afford. It’s not much better for pensioner couples.
If they want to live within 20 km of the Sydney, then it becomes impossible to find any investment property that can be rented by people on our lowest incomes.
The survey found only 76 properties advertised across greater Sydney and the Illawarra on April 2 and 3 would not leave someone on income support payments facing rental stress. Rental stress has been defined as spending more than 30% of income on accommodation.
This is maybe not too surprising with the huge growth in property prices reported in Sydney over the last 5 years but it is maybe more surprising to find that only nine properties were found in the Illawarra.
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