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Federal Budget 2021: Renters lose out in huge Government cash splash


Federal Budget 2021: Renters lose out in huge government cash splash
Australian tenants struggling to make rent were the hidden losers of last night s Federal Budget, as the Morrison government s cash splash prioritised home ownership over affordable housing.
Despite extending three key initiatives to encourage first home buyers to enter the property market, there was little cash spent on easing conditions for renters or providing more affordable housing.
According to the most recent Australian Census, 32 per cent of Australians currently rent the property they live in, equating to around 2.6 million households.
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Renters and those in housing stress were largely omitted from the Budget.(Domain) ....

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Why $250 a week in rent is expensive for someone earning minimum full-time salary of $39,000 a year


Australia s 2.2million minimum wage earners would struggle to afford rent of more than $250 a week, forcing many of them to live a long way from the city.
An Anglicare charity study of 74,000 rental listings in Australia found just 859 or 1.2 per cent were affordable for someone earning just $39,000 a year.
Affordability has crashed in the last year, and the market is less affordable than ever, it said. 
Australia s full-time minimum wage is $753.80 a week. 
Unlike unemployed JobSeeker recipients, minimum wage earners without children are not entitled to Commonwealth rent assistance.
Australia s 2.2million minimum wage earners would struggle to afford rent of more than $250 a week, forcing many of them to live a long way from the city in places like Mount Druitt in Sydney s west ....

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