Parts of Adelaide’s foothills and foreshore are now officially unaffordable for renters, the latest Rental Affordability Index (RAI) has revealed.
The RAI is generated biannually by housing advocacy organisation National Shelter, Community Sector Banking and SGS Economics and Planning.
The index has identified Adelaide’s least affordable rental suburbs as Stirling, Echunga, Belair and Glenalta, where average households would pay up to 34 per cent of their income for a new rental.
The RAI classifies a suburb as “unaffordable” when the average rental price exceeds 30 per cent of the average household income.
Suburbs like Happy Valley, Flagstaff Hill, Henley Beach South, West Lakes and Tennyson also made the list of the city’s least affordable suburbs for renters.
Affordability was also worsening in fast-growing outer areas including Mount Barker and Nairne.
Click here to read more.