Sydney and Hobart have been named as the least affordable cities for renters, according to a new report and pensioners are among those who are struggling to keep up with the rising costs.
Pensioners and young people are those struggling the most with rental costs, according to a new report.
The latest Rental Affordability Index shows a number of cities in Australia are proving to be almost unaffordable to live in.
Sydney and Hobart were named as the least affordable cities for renters.
The biannual statistics analysed the price of rent relative to household income, using Census data. They also provide a price index for rental housing markets.
The research by National Shelter, Community Sector Banking and SGS Economics looks at eight different household types – including a single pensioner, a single person on benefits, a single full-time working parent, a dual income couple with children and a student shared house.
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