Private rental too much for many families
Michelle Griffin and Reid Sexton
March 29, 2011 the Age
SOARING rents in the private market have become too exorbitant for low-income workers across all capital cities in Australia.
To rent a typical three-bedroom home in any major metropolitan city, a family of four living on the minimum wage of $29,500 a year would be paying between 35 per cent and 60 per cent of their income, according to the latest Private Rental Affordability Bulletin compiled by the Tenants Union of Victoria.