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Australian renters need $112K+ yearly to afford median rent, up 51% since 2019, with rents outpacing income growth.
Australian renters face severe affordability challenges, needing over $112,000 annually to rent a median home—up 51% since 2019—according to a Domain report.
Rents have risen faster than incomes, with national median weekly rent at $671 in September, a 53.3% increase since 2020, while median incomes rose only 20%.
Two-person households spend about 21.1% of income on rent, exceeding the 30% threshold for rental stress.
Sydney is the most unaffordable, requiring $135,200 for a median house, while suburbs like Vaucluse demand $511,333.
Single-income earners, averaging $80,200, struggle significantly.
Perth, Brisbane, and Adelaide also face sharp rent growth, with rents consuming over 21% of income in each city.
Los inquilinos australianos necesitan más de $ 112K anuales para pagar el alquiler medio, un 51% más que en 2019, con alquileres que superan el crecimiento de los ingresos.