Wednesday, Aug 29, 2007
The figures paint a bleak picture of low-income renters, confirming they are worst hit by the housing affordability problem.
age: Parents in mortgage stress soar
The number of families with children struggling with higher mortgage repayments has almost doubled in five years, census figures show.
Almost half of all households below the median household income of about $53,000 are in rental stress.
The Australian Bureau of Statistics has released a breakdown of the latest census figures showing a million households to be in housing stress — where more than 30 per cent of gross income is spent on rent or mortgage repayments
Posted by chris @ 03:03 PM (145 views) Add Comment
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1. sold 2 rent 1 said...
Wow - Oz is in a mess