Getting into the housing market is a challenge for many people, but the data shows it’s not as difficult as sometimes presented, particularly in a city like Adelaide.
Too often the only time we hear about housing affordability in Adelaide or nationally is when another report is released on just how difficult things have become for first home purchasers and tenants.
It is true that housing costs are a major challenge for many people, with too many households spending more than 60% of their income on housing costs. It is to Australia’s shame that it is not the wealthy buying their mansions who forego such large portions of their income to cover the costs of their housing – rather, it is those most vulnerable. Housing affordability problems are concentrated among sole parent households, persons affected by a disability, those on low incomes or out of work, and, increasingly, older private renters.
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