52 datasets found
  1. Quarterly rent price index Australia 2020-2025

    • statista.com
    Updated Nov 29, 2025
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    Statista (2025). Quarterly rent price index Australia 2020-2025 [Dataset]. https://www.statista.com/statistics/1239502/australia-rent-price-index/
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    Dataset updated
    Nov 29, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    The rent price index in Australia in the first quarter of 2025 was *****, marking an increase from the same quarter of the previous year. Rent prices had decreased in 2020; in Melbourne and Sydney, this was mainly attributed to the absence of international students during the coronavirus outbreak. The current state of the rental market in Australia The rental market in Australia has been marked by varying conditions across different regions. Among the capital cities, Sydney has long been recognized for having some of the highest average rents. As of March 2025, the average weekly rent for a house in Sydney was *** Australian dollars, which was the highest average rent across all major cities in Australia that year. Furthermore, due to factors like population growth and housing demand, regional areas have also seen noticeable increases in rental prices. For instance, households in the non-metropolitan area of New South Wales’ expenditure on rent was around ** percent of their household income in the year ending June 2024. Housing affordability in Australia Housing affordability remains a significant challenge in Australia, contributing to a trend where many individuals and families rent for prolonged periods. The underlying cause of this issue is the ongoing disparity between household wages and housing costs, especially in large cities. While renting offers several advantages, it is worth noting that the associated costs may not always align with the expectation of affordability. Approximately one-third of participants in a recent survey stated that they pay between ** and ** percent of their monthly income on rent. Recent government initiatives, such as the 2024 Help to Buy scheme, aim to make it easier for people across Australia to get onto the property ladder. Still, the multifaceted nature of Australia’s housing affordability problem requires continued efforts to strike a balance between market dynamics and the need for accessible housing options for Australians.

  2. Median house and unit rent prices per week Australia 2025, by capital city

    • statista.com
    Updated Nov 29, 2025
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    Statista (2025). Median house and unit rent prices per week Australia 2025, by capital city [Dataset]. https://www.statista.com/statistics/1110866/australia-weekly-rent-for-houses-and-units-by-capital-city/
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    Dataset updated
    Nov 29, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    Sydney topped the residential rental pricing market in Australia in March 2025, with house rent prices reaching an average of *** Australian dollars per week. The average weekly rent for a unit in Sydney was the highest among all capital cities in the country, followed by Brisbane.

  3. T

    Australia Rent Inflation

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +12more
    csv, excel, json, xml
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    TRADING ECONOMICS, Australia Rent Inflation [Dataset]. https://tradingeconomics.com/australia/rent-inflation
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    excel, csv, xml, jsonAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 30, 1973 - Oct 31, 2025
    Area covered
    Australia
    Description

    Rent Inflation in Australia increased to 4.20 percent in October from 3.80 percent in September of 2025. This dataset includes a chart with historical data for Australia Rent Inflation.

  4. A

    Australia AU: Standardised Price-Rent Ratio: sa

    • ceicdata.com
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    CEICdata.com (2018). Australia AU: Standardised Price-Rent Ratio: sa [Dataset]. https://www.ceicdata.com/en/australia/house-price-index-seasonally-adjusted-oecd-member-quarterly/au-standardised-pricerent-ratio-sa
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    Australia
    Description

    Australia Standardised Price-Rent Ratio: sa data was reported at 168.732 Ratio in Dec 2024. This records a decrease from the previous number of 171.919 Ratio for Sep 2024. Australia Standardised Price-Rent Ratio: sa data is updated quarterly, averaging 70.511 Ratio from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 189.671 Ratio in Mar 2022 and a record low of 48.119 Ratio in Sep 1972. Australia Standardised Price-Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

  5. Monthly change in retail property rent asking prices Australia 2021-2025

    • statista.com
    Updated Jul 1, 2025
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    Statista (2025). Monthly change in retail property rent asking prices Australia 2021-2025 [Dataset]. https://www.statista.com/statistics/1362753/australia-monthly-retail-property-rent-asking-price-change/
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    Dataset updated
    Jul 1, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jun 2021 - Jun 2025
    Area covered
    Australia
    Description

    In June 2025, retail property rent asking prices were forecasted to increase by around **** percent. The Commercial Property Asking Price Index tracks the monthly change in vendor sentiment towards commercial rental properties advertised in Australia.

  6. d

    Private Rent Report - Dataset - data.sa.gov.au

    • data.sa.gov.au
    Updated Jun 15, 2025
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    (2025). Private Rent Report - Dataset - data.sa.gov.au [Dataset]. https://data.sa.gov.au/data/dataset/private-rent-report
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    Dataset updated
    Jun 15, 2025
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    South Australia
    Description

    Quarterly summary of median private rent in South Australia by: suburb, postcode, State Government regions and Local Government Areas. The information relates to bonds lodged with Consumer and Business Services for private rental properties in South Australia.

  7. Monthly change in industrial property rent asking prices Australia 2021-2025...

    • statista.com
    Updated Jul 1, 2025
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    Statista (2025). Monthly change in industrial property rent asking prices Australia 2021-2025 [Dataset]. https://www.statista.com/statistics/1362765/australia-monthly-industrial-property-rent-asking-price-change/
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    Dataset updated
    Jul 1, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jun 2021 - Jun 2025
    Area covered
    Australia
    Description

    In June 2025, industrial rental property asking prices were forecasted to witness a decrease of around **** percent. Within the given time period, the largest growth in industrial property rent prices was recorded in May 2022.

  8. F

    Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed...

    • fred.stlouisfed.org
    json
    Updated Nov 17, 2023
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    (2023). Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Australia [Dataset]. https://fred.stlouisfed.org/series/AUSCPGRHO02GPQ
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    jsonAvailable download formats
    Dataset updated
    Nov 17, 2023
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    Australia
    Description

    Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Australia (AUSCPGRHO02GPQ) from Q4 1980 to Q3 2023 about imputed, Australia, rent, CPI, price index, indexes, and price.

  9. Monthly change in office property rent asking prices Australia 2021-2025

    • statista.com
    Updated Jul 1, 2025
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    Statista (2025). Monthly change in office property rent asking prices Australia 2021-2025 [Dataset]. https://www.statista.com/statistics/1362740/australia-monthly-office-property-rent-asking-price-change/
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    Dataset updated
    Jul 1, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jun 2021 - Jun 2025
    Area covered
    Australia
    Description

    In June 2021, office property rent asking prices were forecasted to increase by around 0.25 percent. Within the given time period, the largest growth in office property rent prices was recorded in July 2022, with an increase of around 6.27 percent.

  10. F

    Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels...

    • fred.stlouisfed.org
    json
    Updated Nov 17, 2023
    + more versions
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    (2023). Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Australia [Dataset]. https://fred.stlouisfed.org/series/AUSCP040100GPQ
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    jsonAvailable download formats
    Dataset updated
    Nov 17, 2023
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    Australia
    Description

    Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Australia (AUSCP040100GPQ) from Q4 1972 to Q3 2023 about water, fuels, Australia, electricity, rent, gas, CPI, price index, indexes, and price.

  11. F

    Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index:...

    • fred.stlouisfed.org
    json
    Updated May 15, 2025
    + more versions
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    (2025). Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing Excluding Imputed Rentals for Housing for Australia [Dataset]. https://fred.stlouisfed.org/series/AUSCPGRHO02IXOBQ
    Explore at:
    jsonAvailable download formats
    Dataset updated
    May 15, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing Excluding Imputed Rentals for Housing for Australia (AUSCPGRHO02IXOBQ) from Q3 1980 to Q1 2025 about imputed, Australia, rent, CPI, price index, indexes, and price.

  12. Public perception of the cost of rent Australia 2023

    • statista.com
    Updated Jul 10, 2025
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    Statista (2025). Public perception of the cost of rent Australia 2023 [Dataset]. https://www.statista.com/statistics/1458149/australia-public-perception-of-rental-costs/
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    Dataset updated
    Jul 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Feb 2023
    Area covered
    Australia
    Description

    In a survey conducted in Australia in 2023, around ** percent of respondents, aged between 68 and 75, said they felt the renters in their local area paid significantly more rent over the preceding 12 months. Only *** percent of those surveyed from the same age group believed that there had been no change in the cost of rent.

  13. A

    Australia CPI: Housing: Rents: Rents

    • ceicdata.com
    + more versions
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    CEICdata.com, Australia CPI: Housing: Rents: Rents [Dataset]. https://www.ceicdata.com/en/australia/consumer-price-index-198990100/cpi-housing-rents-rents
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 1, 2009 - Jun 1, 2012
    Area covered
    Australia
    Variables measured
    Consumer Prices
    Description

    Australia Consumer Price Index (CPI): Housing: Rents: Rents data was reported at 203.800 1989-1990=100 in Jun 2012. This records an increase from the previous number of 201.500 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Housing: Rents: Rents data is updated quarterly, averaging 107.000 1989-1990=100 from Sep 1972 (Median) to Jun 2012, with 160 observations. The data reached an all-time high of 203.800 1989-1990=100 in Jun 2012 and a record low of 19.400 1989-1990=100 in Sep 1972. Australia Consumer Price Index (CPI): Housing: Rents: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I008: Consumer Price Index: 1989-90=100.

  14. A

    Australia CPI: Perth: Housing: Rents: Rents

    • ceicdata.com
    Updated Dec 10, 2011
    + more versions
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    CEICdata.com (2011). Australia CPI: Perth: Housing: Rents: Rents [Dataset]. https://www.ceicdata.com/en/australia/consumer-price-index-201112100-eight-capital-cities/cpi-perth-housing-rents-rents
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    Dataset updated
    Dec 10, 2011
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2022 - Sep 1, 2025
    Area covered
    Australia
    Variables measured
    Consumer Prices
    Description

    Australia Consumer Price Index (CPI): Perth: Housing: Rents: Rents data was reported at 128.200 2011-2012=100 in Sep 2025. This records an increase from the previous number of 126.200 2011-2012=100 for Jun 2025. Australia Consumer Price Index (CPI): Perth: Housing: Rents: Rents data is updated quarterly, averaging 56.600 2011-2012=100 from Sep 1972 (Median) to Sep 2025, with 213 observations. The data reached an all-time high of 128.200 2011-2012=100 in Sep 2025 and a record low of 12.200 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Perth: Housing: Rents: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I: Consumer Price Index: 2011-12=100: Eight Capital Cities.

  15. Rental property vacancy rates Australia 2025, by capital city

    • statista.com
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    Statista, Rental property vacancy rates Australia 2025, by capital city [Dataset]. https://www.statista.com/statistics/985872/rental-property-vacancy-rates-selected-cities-australia/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jun 2025
    Area covered
    Australia
    Description

    In June 2025, the Australian city of Melbourne had a rental property vacancy rate of *** percent. In contrast, the rental property vacancy rate in Darwin was estimated at *** percent in the same month.

  16. a

    SGSEP - Rental Affordability Index - All dwellings for Australia (Polygon)...

    • data.aurin.org.au
    Updated Mar 6, 2025
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    (2025). SGSEP - Rental Affordability Index - All dwellings for Australia (Polygon) Q1 2011-Q2 2021 [Dataset]. https://data.aurin.org.au/dataset/sgsep-sgs-rai-index-national-total-2021-na
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    Dataset updated
    Mar 6, 2025
    License

    Attribution-NonCommercial 2.0 (CC BY-NC 2.0)https://creativecommons.org/licenses/by-nc/2.0/
    License information was derived automatically

    Area covered
    Australia
    Description

    This dataset presents the Rental Affordability Index (RAI) for all dwellings. The data uses a single median income value for all of Australia (enabling comparisons across regions), and spans the quarters Q1 2011 to Q2 2021. The RAI covers all states with available data, the Northern Territory does not form part of this dataset. National Shelter, Bendigo Bank, The Brotherhood of St Laurence, and SGS Economics and Planning have released the RentalAffordability Index (RAI) on a biannual basis since 2015. Since 2019, the RAI has been released annually. It is generally accepted that if housing costs exceed 30% of a low-income household's gross income, the household is experiencing housing stress (30/40 rule). That is, housing is unaffordable and housing costs consume a disproportionately high amount of household income. The RAI uses the 30 per cent of income rule. Rental affordability is calculated using the following equation, where 'qualifying income' refers to the household income required to pay rent where rent is equal to 30% of income: RAI = (Median income ∕ Qualifying Income) x 100 In the RAI, households who are paying 30% of income on rent have a score of 100, indicating that these households are at the critical threshold for housing stress. A score of 100 or less indicates that households would pay more than 30% of income to access a rental dwelling, meaning they are at risk of experiencing housing stress. For more information on the Rental Affordability Index please refer to SGS Economics and Planning. The RAI is a price index for housing rental markets. It is a clear and concise indicator of rental affordability relative to household incomes, applied to geographic areas across Australia. AURIN has spatially enabled the original data using geometries provided by SGS Economics and Planning. Values of 'NA' in the original data have been set to NULL.

  17. Home Appliance Rental in Australia - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Oct 31, 2025
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    IBISWorld (2025). Home Appliance Rental in Australia - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/au/industry/home-appliance-rental/5467/
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    Dataset updated
    Oct 31, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    Australia
    Description

    The Home Appliance Rental industry has been navigating a tumultuous operating environment since the outbreak of the COVID-19 pandemic. Rental companies have grappled with the dip in appliance rental by international students following the closure of Australia’s borders and the lockdown of educational institutions. Still, the industry derived some stimulus from the shift to home-based living at the height of the pandemic and the distribution of generous income support packages. The relaxation of pandemic restrictions and the reopening of international borders saw the intake of international students rebound, while household formation rates also recovered from the pandemic easing. Still, the extremely tight supply constraints in the rental housing market have stifled independent living among the young adult demographic and coincided with weaker household discretionary incomes. Over the five years through 2025-26, industry revenue is expected to decrease at an annualised 1.0% to $723.2 million, including a minor contraction of 0.8% in the current year as the industry continued to lose ground to direct appliance retailing. The subdued demand for appliance rental has contributed to intense price competition across the industry and declining profit margins. The industry’s structure has been profoundly influenced by the pandemic and the exposure to competition from substitutes like second-hand online platforms and innovative Buy Now, Pay Later (BNPL) payment options, like Afterpay and Zip. Much of the industry moved across to online platforms in the aftermath of the pandemic restrictions and several prominent companies, like Rent 4 Keeps and Snaffle, have restructured in the face of regulatory scrutiny. Still, opportunities for expansion through franchise arrangements and targeting of rental packages towards specific clients, like defence personnel or international students, have supported the expansion of some businesses. The industry’s performance will be underpinned by growth in the number of households and international students demanding appliances and the greater public consciousness of sustainability issues. Renting products promotes product life cycle expansion and waste reduction, aligning with popular environmental practices. Rental companies that sell eco-friendly products and adopt a circular economy model could outperform competitors and stimulate their individual revenue growth. Overall, industry revenue is forecast to increase at an annualised 0.6% over the five years through 2030-31 to total $746.7 million. Still, the industry’s performance may be constrained by greater regulatory scrutiny and substitution through retail sales of new and second-hand appliances.

  18. A

    Australia CPI: Canberra: Housing: Rents: Rents

    • ceicdata.com
    Updated Dec 10, 2011
    + more versions
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    CEICdata.com (2011). Australia CPI: Canberra: Housing: Rents: Rents [Dataset]. https://www.ceicdata.com/en/australia/consumer-price-index-201112100-eight-capital-cities/cpi-canberra-housing-rents-rents
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    Dataset updated
    Dec 10, 2011
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2022 - Sep 1, 2025
    Area covered
    Australia
    Variables measured
    Consumer Prices
    Description

    Australia Consumer Price Index (CPI): Canberra: Housing: Rents: Rents data was reported at 124.400 2011-2012=100 in Sep 2025. This records an increase from the previous number of 124.200 2011-2012=100 for Jun 2025. Australia Consumer Price Index (CPI): Canberra: Housing: Rents: Rents data is updated quarterly, averaging 52.800 2011-2012=100 from Sep 1972 (Median) to Sep 2025, with 213 observations. The data reached an all-time high of 124.400 2011-2012=100 in Sep 2025 and a record low of 10.100 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Canberra: Housing: Rents: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I: Consumer Price Index: 2011-12=100: Eight Capital Cities.

  19. r

    SGSEP - Rental Affordability Index - 3 Bedroom dwellings for Australia...

    • researchdata.edu.au
    null
    Updated Jun 28, 2023
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    SGS Economics and Planning (2023). SGSEP - Rental Affordability Index - 3 Bedroom dwellings for Australia (Polygon) Q1 2011-Q2 2021 [Dataset]. https://researchdata.edu.au/sgsep-rental-affordability-q2-2021/2737713
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    nullAvailable download formats
    Dataset updated
    Jun 28, 2023
    Dataset provided by
    Australian Urban Research Infrastructure Network (AURIN)
    Authors
    SGS Economics and Planning
    License

    Attribution-NonCommercial 2.0 (CC BY-NC 2.0)https://creativecommons.org/licenses/by-nc/2.0/
    License information was derived automatically

    Area covered
    Description

    This dataset presents the Rental Affordability Index (RAI) for 3 bedroom dwellings. The data uses a single median income value for all of Australia (enabling comparisons across regions), and spans the quarters Q1 2011 to Q2 2021. The RAI covers all states with available data, the Northern Territory does not form part of this dataset.

    National Shelter, Bendigo Bank, The Brotherhood of St Laurence, and SGS Economics and Planning have released the RentalAffordability Index (RAI) on a biannual basis since 2015. Since 2019, the RAI has been released annually.

    It is generally accepted that if housing costs exceed 30% of a low-income household's gross income, the household is experiencing housing stress (30/40 rule). That is, housing is unaffordable and housing costs consume a disproportionately high amount of household income. The RAI uses the 30 per cent of income rule. Rental affordability is calculated using the following equation, where 'qualifying income' refers to the household income required to pay rent where rent is equal to 30% of income:

    RAI = (Median income ∕ Qualifying Income) x 100

    In the RAI, households who are paying 30% of income on rent have a score of 100, indicating that these households are at the critical threshold for housing stress. A score of 100 or less indicates that households would pay more than 30% of income to access a rental dwelling, meaning they are at risk of experiencing housing stress.

    For more information on the Rental Affordability Index please refer to SGS Economics and Planning.

    The RAI is a price index for housing rental markets. It is a clear and concise indicator of rental affordability relative to household incomes, applied to geographic areas across Australia.

    AURIN has spatially enabled the original data using geometries provided by SGS Economics and Planning. Values of 'NA' in the original data have been set to NULL.

  20. Cost of rent of selected retail streets in Australia and New Zealand 2014

    • statista.com
    Updated Mar 31, 2014
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    Statista (2014). Cost of rent of selected retail streets in Australia and New Zealand 2014 [Dataset]. https://www.statista.com/statistics/409288/cost-of-rent-of-selected-retail-streets-in-australia-and-new-zealand/
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    Dataset updated
    Mar 31, 2014
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2014
    Area covered
    New Zealand, Australia
    Description

    The statistic shows the cost of rent of selected retail streets in Australia and New Zealand in 2014. In that year, the cost of rent to own retail in Pitt Street Mall (Sydney, Australia) was about 732 U.S. dollars per square foot.

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Statista (2025). Quarterly rent price index Australia 2020-2025 [Dataset]. https://www.statista.com/statistics/1239502/australia-rent-price-index/
Organization logo

Quarterly rent price index Australia 2020-2025

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Dataset updated
Nov 29, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
Australia
Description

The rent price index in Australia in the first quarter of 2025 was *****, marking an increase from the same quarter of the previous year. Rent prices had decreased in 2020; in Melbourne and Sydney, this was mainly attributed to the absence of international students during the coronavirus outbreak. The current state of the rental market in Australia The rental market in Australia has been marked by varying conditions across different regions. Among the capital cities, Sydney has long been recognized for having some of the highest average rents. As of March 2025, the average weekly rent for a house in Sydney was *** Australian dollars, which was the highest average rent across all major cities in Australia that year. Furthermore, due to factors like population growth and housing demand, regional areas have also seen noticeable increases in rental prices. For instance, households in the non-metropolitan area of New South Wales’ expenditure on rent was around ** percent of their household income in the year ending June 2024. Housing affordability in Australia Housing affordability remains a significant challenge in Australia, contributing to a trend where many individuals and families rent for prolonged periods. The underlying cause of this issue is the ongoing disparity between household wages and housing costs, especially in large cities. While renting offers several advantages, it is worth noting that the associated costs may not always align with the expectation of affordability. Approximately one-third of participants in a recent survey stated that they pay between ** and ** percent of their monthly income on rent. Recent government initiatives, such as the 2024 Help to Buy scheme, aim to make it easier for people across Australia to get onto the property ladder. Still, the multifaceted nature of Australia’s housing affordability problem requires continued efforts to strike a balance between market dynamics and the need for accessible housing options for Australians.

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