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Thursday, June 13, 2024

Latest news: Rental stress

Renters hit affordability limit as pace of growth eases

Rents are still going up but are starting to find a ceiling as tenant budgets can be stretched no further. 

Relief fund for Canberrans in rental stress

Canberra is the least affordable city to rent in Australia, but the ACT Government has set up a Rent Relief Fund.

Which Canberra suburbs had biggest rent rises?

Holt in Belconnen and Pearce in the Woden Valley are the two top ACT suburbs with the biggest increase in weekly asking rents in the past 12 months, according to the Domain Rent Report March 2023 Quarter released today.

Canberra rental vacancies up over 2%, bucking national trend

Canberra’s rental vacancy rate bucked national trends, increasing in February to sit above two per cent, according to the PropTrack Market Insight Report released today.

ACT leads nation for rent assistance recipients in rental stress

The percentage of Canberrans receiving Rent Assistance who are still in rental stress has outnumbered any other state or territory for the past 5 years.

Canberran renters still pay the most expensive rent in the country

The median rental price in Canberra remains the most expensive in Australia, although prices slightly dropped during the December quarter.

ACT to lose 93 affordable rentals in 2023

Latest figures from the Federal Government show the ACT will lose 93 NRAS properties this year, plunging the Territory deeper into rental stress.

Low-income ACT renters struggle needing 117% of income to pay rent

The latest Rental Affordability Index shows a snapshot of renting in Australia, and the ACT’s results are an “indictment”, according to ACT Shelter.

Rental assistance falls well behind prices

The federal housing minister has ruled out lifting Commonwealth rent assistance to help tenants cover soaring rents.

Bills, rent, brunches: top 3 barriers to saving for a house deposit

A staggering 90% of Australian prospective first home buyers, recorded being somewhat, very, or extremely stressed about purchasing their first property.

‘Broken housing market’ hurting ACT families, economy

Rents in Canberra are increasing more than any other Australian capital city and there is no sign they're about to stabilise or come down.

Gap between Canberra renters and landlords widens

A recent housing affordability report has placed Canberra as the most expensive capital city in which to rent a home in Australia.

ACT rental crisis hits ‘catastrophic’ levels: Anglicare

The rental crisis in the ACT means many vulnerable people in the community are relying on government support to house themselves and their families.