Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Rental Crisis Brewing; Noosa Squeezes Renters, Maroochydore Is Cheapest

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Rental Crisis Brewing; Noosa Squeezes Renters, Maroochydore Is Cheapest

Article excerpt

Low income

Examples of low-income households include:

A full-time dental nurse and part-time teacher aide ($1084 per week)

A full-time electrical apprentice and a part-time aged care worker ($1072)

A full-time hairdresser and part-time truck driver ($1113)

NICKY MOFFAT

Business and Development

RENT is becoming so expensive on the Sunshine Coast that many low-income renters have a poor quality of life.

That's according to Australia's first ever Rental Affordability Index, which was released today.

Jointly commissioned by SGS Economics and Planning, Community Sector Banking and National Shelter, the report ranked towns and cities around Australia.

It found the Sunshine Coast to be less affordable for low-income earners than the Queensland average for regional areas.

Eumundi and Noosa are the least affordable towns, with rental cost at an average 33% of household income.

Rental costs in Maroochydore, the Coast's most affordable suburb for renters according to the report, are only "moderately unaffordable".

Rental cost of greater than 30% of a person's income is widely understood to create housing stress, so this figure was not concerning for middle- and high-income earners.

However, low-income earners would struggle to cover living costs on top of rent, the authors say.

While low-income earners struggle to find affordable rental homes, the situation was worse in parts of Brisbane, where properties were "extremely unaffordable".

Nationally, low-income earners were required to pay 65% of their income on rent.

Noosa resident and National Shelter executive officer Adrian Pisarski said the Rental Affordability Index showed a worrying long-term trend.

"It shows what we have known anecdotally for far too long," he said. "Low-income households are being hammered beyond belief. …

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