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Rents Soar Amid Australia's Housing Affordability Crisis

Keith Levy

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Abstract

With 36.2% of family income required to make home loan repayments, the dream of home ownership is becoming out of reach for many Australians. However, in the near future, renting a property may not be a much cheaper alternative.

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What this paper is about

With 36.2% of family income required to make home loan repayments, the dream of home ownership is becoming out of reach for many Australians. However, in the near future, renting a property may not be a much cheaper alternative.

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Available abstract

With 36.2% of family income required to make home loan repayments, the dream of home ownership is becoming out of reach for many Australians. However, in the near future, renting a property may not be a much cheaper alternative.

Key concepts: Soar, Renting, Economic rent, Loan, Business, Dream, Finance, Economics

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