Census confirms housing affordability crisis: Increasing number of rental households and Australians living within them, still no coordinated Government Housing Policy on the horizon

The latest 2016 Census results reveal that an increasing number of Australians are living in rental accommodation, rather than paying off or owning their own home. This phenomenon appears within every state and territory in Australia and as the table below shows, in just five short years, an extra 261,740  homes are now being rented, rather than being bought or owned outright. Rental property increases, 2011 to 2016 State or Territory Rented Properties 2011 Rented Properties 2016 Increase (Count) Increase (Percentage) Victoria 506,297 597,848 91,551 18% New South Wales 731,207 814,549 83,342 11% Queensland 508,569 560,272 51,703 10% Western Australia [...]

2018-02-23T17:11:15+11:00 July 17th, 2017|Own It|