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Shocking effect of JobSeeker changes


News
by Evin Priest
 
Australia s homeless rate will surge by 9 per cent next year when cuts to the JobSeeker payment s coronavirus supplement heap more misery on those living below the poverty line, a new report predicts.
On January 1, the coronavirus supplement for JobSeeker - which rose to $550 a fortnight during the pandemic - will be slashed from $250 to $150.
During the three-month period after New Year s Day, a single person with no children will be paid $357.85 a week.
The supplement will then scrapped altogether on March 31, leaving a single person with no children on $282.5 a week - or $40 a day.
The Australian Council of Social Service defines the national poverty line as $457 a week for a single adult. ....

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Mortgage and rent stress are expected to double in Sydney and Melbourne's expensive suburbs


Upmarket and gentrified inner-city suburbs of Sydney and Melbourne are in danger of seeing mortgage and rental stress levels more than double by the middle of next year. 
A report, commissioned by housing advocacy group Everybody s Home, has pinpointed areas where dual-income couples have been reduced to just one salary as a result of coronavirus shutdowns.
With JobKeeper wage subsidies and the $150 supplement to JobSeeker unemployment benefits ending in late March, housing stress is set to double in some suburbs by June 2021 compared with February 2020 before the Covid pandemic.
Housing stress is traditionally when households spend more than 30 per cent of their income on housing costs, such as rental or mortgage payments.  ....

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Housing stress set to rise by more than 40 per cent in NSW: report


Housing stress set to rise by more than 40 per cent in NSW: report
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Housing stress set to rise by more than 40 per cent in NSW: report
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The economic fallout from the coronavirus is expected to result in a 19 per cent increase in homelessness in NSW next year, according to new analysis which also predicts the number of families facing housing stress will rise by more than 40 per cent.
Nationally, homelessness is expected to rise by nine per cent, with a 24 per cent increase in the number of families facing housing stress. ....

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