RENTAL affordability has plummeted in Melbourne, with less than 6 per cent of properties deemed affordable for low-income earners, new figures show.
The Council to Homeless Persons found Melbourne’s most vulnerable people were finding it significantly more difficult to put a roof over their head than a decade ago.
In the latest Rental Report from the Department of Health and Human Services, 5.7 per cent of private rentals on offer in Melbourne were deemed affordable for those on Centrelink benefits in the March quarter, compared to 25 per cent in the 2007 March quarter.
The Department found there were less than 1 per cent of affordable one-bedroom properties in Melbourne metropolitan area for a single person on a weekly Newstart allowance of $268.
It calculated an affordable rent to be $150 a week, which meant there were only 42 properties throughout the city available. Therefore, 0.4 per cent of the available rentals in the city were affordable for a single person on a Newstart allowance.
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