Housing Affordability Crisis: Rent Prices Soaring
Update: 2025-12-10
Description
Housing affordability crisis looms as Australian households struggle to afford rent for average capital city houses. Income needed to rent an average house has surged by 51% since the pandemic, now requiring over $112,000 annually. This income gap is causing lower living standards for renters and hindering businesses from finding essential workers. Sydneys rental market is the most challenging, with Vaucluse requiring a household income of over $511,000 annually. Perth, Brisbane, and Adelaide also face significant rent increases, with national median rent up by 53.3% since 2019, while incomes only rose by 20%.
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