TAMWORTH has been named as one of the most affordable rental markets in regional NSW, but financial pressures are the leading cause of homelessness in the city.
A new report has listed Tamworth’s median rents at $315 a week, but that wasn’t low enough to keep more than 1000 people from needing homeless support in the last year.
More than 48 per cent of people presenting to Tamworth Family Support Service (TFSS) cited financial difficulties as their main reason for seeking help to avoid homelessness.
Money woes outranked domestic violence as a primary cause of homelessness.
Matched with a median household income figure of $1163, the report by Compass said Tamworth renters only needed 27 per cent of their income for housing.
TFSS spokesperson Leigh Smith said there needed to be more investment in social housing with people waiting up to 10 years for a three-bedroom property.
The Compass report said Tamworth renters were just below the “housing stress” tipping point of spending more than 30 per cent of household income on rent.
Click here to read more.
Source: The Northern Daily Leader