Aged care workers in capital cities would have to spend 77% of their pay on housing to pay the average rent of $572 a week
Soaring rents have made living alone impossible for Australia’s essential workers: new research shows some would have to spend around two-thirds of their income to afford a place on their own.
For a worker in hospitality or meat packing to meet the average capital city rent of $572 a week, they would have to spend 81% of their pay on housing, for an aged care worker it would be 77%.Even those on higher pay, like teachers and firefighters, would have to spend 58% of their average pay on rent – well above the 30% threshold for rental stress to afford the average capital city rent.
In the past three years, typical rents across the country have gone up by more than $100 a week, hitting $489 in March, according to SQM Research. For essential workers, that means they’ve lost an average of six hours from their weekly income – an average of 37 days each year – on rent increases.Australia Future Fund, it will not match the scale of the crisis, Azize said.
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