Want to rent in inner Brisbane? Forget it, unless it’s a one-bedder

TENANTS can no longer afford to rent in Brisbane’s inner city suburbs unless it’s a one-bedroom unit, a new report reveals.

The Affordable Housing Income Gap Report, released Tuesday by Compass Housing, shows the gap between the incomes of a typical renting household and the income required to avoid housing stress in the nation’s three most populated states — Queensland, NSW and Victoria.

The report found the only affordable dwelling type for typical renting households in inner Brisbane was a one-bedroom unit.

In inner Brisbane, the annual salary required to rent a three-bedroom house without experiencing housing stress is $94,987 — around $17,000 more than a typical renting household makes in a year.

Tenants looking for a two-bedroom unit in inner Brisbane need an income of $83,200, which is $5,512 more than a renting household typically makes.

The median rent for a basic two-bedroom apartment in one of Brisbane’s inner suburbs is $480 per week.

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Source: News