The latest Rental Affordability Index (RAI) report, released 17 May 2017, shows a drop in rental affordability over the last quarter in all metropolitan areas except Perth.
In Tasmania, greater Hobart has seen a decline in affordability since the last RAI release in November 2016, but is not the only city affected. Couples and particularly single pensioners are finding the market increasingly unaffordable in Launceston, Burnie and Devonport.
National Shelter, Community Sector Banking and SGS Economics and Planning have released the Rental Affordability Index (RAI) on a biannual basis since 2015 as an indicator of rental affordability relative to household incomes. This release highlights the situation for low income groups, including aged pensioners and part-time working parents.
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