A significant percentage of Australians are experiencing housing stress amid a sharp growth in rents and interest rates, according to new research.
The national housing campaign Everybody’s Home, launched by a coalition of housing, homelessness, and welfare organisations has released a report (pdf) revealing the impact of the housing crisis on the community.
The report, which surveyed 749 people between June 1 and 30, found that two-thirds of the respondents experienced housing stress.
Renters were specifically more vulnerable to housing stress, as 82 percent reported having the problem. Housing stress is defined as a low-income household spending over 30 percent of its earnings on housing….