Housing Affordability Wake Up Call: More People Now Rent than Own Outright in Over 150 Local Government Areas

The latest 2016 Census results reveal that across Australia the number of people renting accommodation has continued to increase because successive governments at State and Federal levels have failed to address the problem.  Renters now outnumber owners without a mortgage and are just behind owners with a mortgage in over 150 Local Government  Areas. The trend shows that renting is the new norm and that the situation is only getting worse. Sydney, Brisbane and Melbourne have the highest number of Renters compared to Owners. Local Government Area Owned outright Rented Difference Sydney 12,283 53,798 -41,515 Brisbane 108,007 148,365 -40,358 Melbourne [...]

2018-02-23T17:05:13+11:00 August 1st, 2017|Own It|