The rent price index in Australia in the first quarter of 2025 was 122.1, 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 775 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 30 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 16 and 30 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.
In February 2025, the Australian city of Melbourne had a residential rental property vacancy rate of around 1.8 percent. The February residential rental property vacancy rate in Melbourne reached a high of 5.3 percent in 2021.
All licenses for the occupation of Crown lands and leases of Crown lands required the payment of rent in amounts and at intervals as stated by legislation or regulations made under the authority of legislation. Rents could be paid either by post or personally to the Melbourne office of the Department of Crown Lands and Survey (VA 538) or to local Receivers and Paymasters as designated for each parish and Land District (subsequent to the formation of the Occupation Branch in c 1874). Receivers and Paymasters were often local Clerks of Courts.
Previous to the passage of the Land Act of 1869, the payment of rents had been recorded in Registers of Licensees and Lessees. These continued for Section 33 of the Land Act 1869 and at the offices of local Receivers and Paymasters. Within the Department of Crown Lands itself and the Occupation Branch these Registers were superseded by the Rent Rolls.
Notifications of rents due at a particular date were circulated by notice or by lists published in the Government Gazette. The latter allowed local officers to be aware of the rents due in their areas. When the rents were paid to these officers, the payments were recorded in the local records and returns forwarded to the Department. This series is an example of one of these local records with entries relating to payments of rent under all sections of the Land Acts.
Examples of these returns sent to Melbourne may be seen in VPRS 809 Returns of Pastoral Rents Received. At the Occupation Branch, clerks (the rent rollers) were employed whose sole duties were the updating and maintenance of the rent rolls and preparation of certificates documenting payments where these were to be credited against the purchase price of land. Originally from about 1877, a rent roll clerk was attached to each "District Land Office" within the Occupation Branch.
Rent rolls, like registers of applications, were arranged according to sections of a specific Land Act. For major provisions such as Sections 19 and 20, Land Act 1869 or Section 29, Land Act 1898 and Section 35, Land Act 1901, the rent roll recorded only payments relating to that section. Payments for obligations under other sections of the Land Acts could be included together in one roll. Separate rolls were kept for payments made in each Land District.
Details given in the rent rolls are the name of the licensee or lessee, the details of the location and size of the land, details of the payments of fees and of the date and amount of regular periodic payments of rent. Remarks include details of subsequent purchase of the land, of any transfers of leases or licenses to other holders and the subsequent payments made by those persons, any cancellation or revocation or instances of abandonment of the land by the occupier.
From late 1907 the Department of Crown Lands and Survey began changing to cards for its recordkeeping systems with the rent roll being reported as mainly on cards by 1917.
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.
From mid-1907, a card system was introduced within the Occupation Branch of the Department of Crown Lands and Survey. For each new file generated by a successful application to lease or be licensed to occupy Crown land, two cards were created and maintained. One was to record the application and the later management of the file replacing the Registers of Applications created by the Occupation Branch. The other was to record the details of payments of rents and other fees replacing the rent roll volumes. The details for active files recorded in these volumes were progressively transferred to cards.
Details given on the rent roll cards are the name of the licensee or lessee, the details of the location and size of the land, details of the payments of fees and of the date and amount of regular periodic payments of rent. Remarks include details of subsequent purchase of the land, of any transfers of leases or licences to other holders and the subsequent payments made by those persons, any cancellations or revocations and any instances of abandonment of the land by the occupier.
All licenses for the occupation of Crown lands and leases of Crown lands required the payment of rent in amounts and at intervals as stated by legislation or regulations made under the authority of legislation. Rents could be paid either by post or personally to the Melbourne office of the Department of Crown Lands and Survey (VA 538) or to local Receivers and Paymasters as designated for each parish and Land District (subsequent to the formation of the Occupation Branch in c 1874). Receivers and Paymasters were often local Clerks of Courts.
Notifications of rents due at a particular date were circulated by notice or by lists published in the Government Gazette. The latter allowed local officers to be aware of the rents due in their areas. When the rents were paid to these officers, the payments were recorded in the local records and returns forwarded to the Department. Examples of these records may be seen in VPRS 809 Returns of Pastoral Rents Received. At the Occupation Branch, clerks (the rent rollers) were employed whose sole duties was the updating and maintenance of the rent rolls and preparation of certificates documenting payments where these were to be credited against the purchase price of land. Originally from about 1877, a rent roll clerk was attached to each District Land Office within the Occupation Branch.
Sections 44 (Licensing) and 46 (Lease and Grant) of the Land Act 1898 divided lands into three classes for the purpose of the licensing or leasing of agricultural allotments. No more than 200 acres of first-class lands were to be licensed at the rent of one shilling per acre per annum; no more than three hundred and twenty acres of second-class land at the annual rental of ninepence per acre. Both types of land were to be licensed for no more than six years.
In the 1898 Act, Sections 58 and 59 provided for the extension of the licensing and leasing provisions for agricultural allotments to grazing allotments. Sections 59 and 61 of the Land Act 1898 allowed for the issue of residential or non-residential licenses for grazing allotments on third class land. A license to occupy could initially be issued for up to six years for 640 acres. If conditions relating to the provision of fencing and the destruction of vermin were met, a lease for 14 years could be obtained at a cost of sixpence per acre. Rent payments could be used to defray the cost of purchase at ten shillings per acre.
Under the consolidated Land Act of 1901, agricultural allotments were dealt with under Sections 47 (licensing) and 49 (leasing) and grazing allotments by Sections 54 (licensing) and 56 (leasing).
Section 6 of the Land Act 1911 brought these provisions to an end. As an alternative, the option of taking out a selection purchase lease was offered with a period of twenty years being offered to fulfil the payment conditions for either a residential selection purchase lease (Section 8) or a non-residential selection purchase lease (Section 13). Conditions and covenants of these leases were laid down in Section 11.
Researchers should note that further research is required into the actual end date of this card recordkeeping system. Some evidence suggests that the card system continued into the 1970s, although some series may have ended previously. For some series of cards it is possible that these were the cards for files for which active life had ceased. It may also have been that all cards are included as details of all files were transferred to a subsequent system.
The house price-to-income ratio in Australia was ***** as of the fourth quarter of 2024. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.
As of June 2024, the average weekly rent for a house in Sydney was 750 Australian dollars, which was the highest average rent across all major cities in Australia that year. That same year, the average weekly rent for a house in Melbourne was around 580 Australian dollars.
VPRS 13495 Register of Applications, Melbourne, Section 32 Land Act 1884 Melbourne District Survey Office) was created by the District Survey Office at Melbourne. It is duplicated by Register of Applications, Melbourne, Section 32 Land Act (Occupation Branch) (VPRS 13494) which is the register created by the 'Melbourne District Office' at the Occupation Branch.
VPRS 13495 / P1 was previously registered as Units 31 and 70 of VPRS 446 / P Application Registers Land Act 1884.
Section 42 of the Land Act 1884 (as confirmed in the consolidated Land Act 1890) provided for the issue to grazing area lessees (under Section 32 of the same Act) of licences to occupy for agricultural allotments not exceeding 320 acres in extent. Persons who had selected that amount of land under previous Land Acts were not eligible for this provision. Those who had selected less than the 320 acres could select the amount of land necessary to make it up to 320 acres.
Rent was set at one shilling per acre per annum with the licensee to reside on the allotment and make improvements to it. During the period of this license the land could be resumed by the Crown for a number of specified purposes with the repayment of any rentals or if the terms of the license were not complied with If these conditions and conditions relating to the control of vermin and fencing were complied with, at the end of this time a lease for up to 14 years was able to be applied for at the rental of one shilling per acre per annum or a Crown grant could be obtained by the payment of the full purchase price of fourteen shillings per acre. Lessees could obtain a Crown grant at any time during this fourteen year period by the payment of the difference between the rent already paid under the lease and the set price of fourteen shillings per acre.
This Section was amended in Section 44 of the Land Act 1898 to divide lands into three classes for the purpose of the licensing of these agricultural allotments. No more than 200 acres of first-class lands were to be licensed at the rent of one shilling per acre per annum; no more than three hundred and twenty acres of second-class land at the annual rental of ninepence per acre. Both types of land were to be licensed for no more than six years. In the 1898 Act, Sections 58 and 59 provided for the extension of the licensing and leasing provisions for agricultural allotments to grazing allotments. In addition, Section 59 allowed the licensing of third-class land for a period of six years for sixpence per acre per annum. Under the consolidated Land Act of 1901, agricultural allotments were dealt with under Sections 47 (licensing) and 49 (leasing) and grazing allotments by Sections 54 (licensing) and Section 56 (leasing).
Instructions were given, with the issue of new stationery to District Survey Offices in 1899 that the numbers allocated for applications in these books were to commence at the whole thousand after that of the register currently in use. Thus if the current register for Section 42 applications had numbers between 1 and 1000, the new volume was to commence at number 2001. This ensured that all of these applications from the 1884 Land Act under Section 42 and its subsequent sections were registered in the one series. From the registers, and from other sources it is apparent that from c1910, the Occupation Branch were keeping their records on index cards rather than in the volumes used prior to then.
When an application to select Crown land was received by the Department it would be registered in a register of applications. The contents of registers of applications were arranged alphabetically and application numbers were allocated consecutively in blocks for each letter of the alphabet.
Separate registers of applications were usually created for each section of the Land Act under which individuals could apply to select land. For example, all applications received under section 32 of the Land Act 1884 were recorded in the same register. Sections of an Act that were less common were often recorded in the one register.
In an attempt to try and rationalise the way the Department managed Crown land, the Occupation Branch was established in 1874 under the influence of H Byron Moore, Assistant Surveyor General. The Occupation Branch was to deal with all matters relating to the occupation of Crown land.
The State was divided into fifteen Land Districts, these being Ararat, Ballarat, Beechworth, Benalla, Castlemaine and Dunolly, Echuca, Geelong Warrnambool and Camperdown, Hamilton, Horsham, Melbourne, Sale and Bairnsdale, Sandhurst (Bendigo), Seymour and St Arnaud. Each District was represented at the Occupation Branch in Melbourne by a 'District Land Office'.
Each District Land Office consisted of a double table or desk at which both a clerk and draughtsman sat. Everything in the way of files, maps and plans were at convenient reach. The same officers dealt with the sale of Crown land from its 'inception to its disposition'. The District Offices' staff consisted essentially of a clerical officer and a draughtsman who dealt solely with that Land District. It was their business to know the District and to deal with all land business related to it. By 1877 each District Land Office, consisted of a District Officer, a rental clerk, a draughtsman and several general clerks.
After the establishment of the Occupation Branch in 1874 and the division of the State into Land Districts, applications were registered by District. Each 'District Land Office' created and maintained their own series of registers of applications. Any new applications received by the Department after 1874 were registered in separate District registers with applications numbers that were allocated from the number one onwards. The same application number could be allocated for selections in different Districts. For example the application number 1021/32 could exist in both the Ballarat and Bendigo Land Districts. It is the District name plus the accompanying file number that is the unique identifier.
Applicants completed an application form at District Survey Offices. Most Land Districts had a District Survey Office. The District Surveyor would enter the applicants' details in a register of applications kept at the District Survey Office. The register of applications allocated a number to each applicant. The application number was written on the application to select and subsequently became their land selection file number if their application was approved.
The District Surveyor would enter into the register of applications the application number, the date the application was received, the applicants' name, occupation and parish, the allotment number and size (acres, roods and perches) applied for. The application was then forwarded to the appropriate District Land Office at the Occupation Branch in Melbourne. It was then entered in a duplicate register of applications there against the same application number. The District Surveyor also forwarded a tracing of the allotment applied for.
The position of the allotment applied for was immediately charted on a working plan in pencil. The tracing was then sent to the Department of Mines and Water Supply (VA 2720) for a report on any mining objections. If there were no mining objections the application would be heard before a Local Land Board. Local Land Boards were made up of representatives from the local community and the Department of Crown Lands and Survey (VA 538). The Boards would hear from all applicants for an allotment and would decide who was to be granted the licence or lease. The schedule documenting the decisions of the Local Land Board was forwarded to the appropriate District Land Office at the Occupation Branch and the decision was entered into the register of applications.
The Board of Land and Works (VA 744), the statutory authority for the management of Crown land would give final approval for land selection, acting on the recommendation of the Local Land Board. The decision of the Board of Land and Works (VA 744) was then recorded in the register of applications. The registers also record the date of the licence or lease issue and any subsequent action in relation to that file. The selectors granted each allotment would then be recorded on the working plan by the District Land Office draughtsman at the Occupation Branch. The tracing of the allotment was then sent to the Crown Land Bailiff responsible for that Land District.
Registers of applications control selection and occupation files. If an application to select Crown land was successful, the application number would become the file number. For example if an application to select under section 42 of the Land Act 1884 was registered as application number 324 then the selection or occupation file number would be 324/42.
The application number remained the selection file number for a particular piece of land if all terms and conditions were met and the selection resulted in a Crown Grant. However, often the original selector did not end up owning the land. Many selectors forfeited or abandoned their licence or lease. If this were the case then the land was re-opened up for selection. Any new applicants were registered in a register of applications under a new application number. The original applicants file would be attached to the new selectors file. The new file number was annotated in the register against the original selectors' entry.
Even if the same selector applied for a licence on land he had previously forfeited a new application number would be allocated and the file would have a new selection file number.
From about 1901 there was a steady decline in new applications being made under the Land Acts. In mid-1907 a circular was sent to District Land Officers notifying them that from that time onwards, all applications regardless of Act and Section of the Act, were to be recorded in a single register kept at the District Land Office and allocated an annual single number. Details recorded were the number allocated the application, the date of receipt, the name and postal address of the applicant, the location and extent of the land and the details of the recommendation by the Local Land Board and the disposal of the application (ie where it was forwarded or filed). A weekly return of all applications received was to be forwarded to Melbourne as well as a list of the cases to be considered by the Local Land Board prior to hearings. Records of a number of Local Land Boards are currently in custody.
Once applications had been ruled upon by the Local Land Board, details of those which had been successful were to be entered in the register, as in this series, to be kept at the District Land Office for specific Sections of an Act. These registers contained the same details as in the general application register and then annotations relating to the Local Land Board, the dates of issue of any license and references and remarks. Details may include the dates of the issue of any lease or Crown grant or of entries in the Government Gazette as well as references to correspondence or file management.
Section 65 of the Land Act 1884 (later Section 103, Land Act 1901 and Section 86, Land Act 1915) provided for the annual licensing of auriferous (gold bearing) lands. Areas licensed were to be of no more than 20 acres with only one license being allowed for each individual. There was to be no sale of these lands. This section was amended by Section 90 of the Land Act 1898 providing for the appraisal of these lands. If the value of the land was appraised to be more than the rent already paid on them, the subsequent rental was to be no more than two shillings and sixpence per annum with no annual license fee.
The Land Act 1890 Amendment of 1891, in Section 22 (later Section 106 of the Land Act 1901), provided for worked out auriferous lands to be proclaimed and licensed for occupation. No individual could occupy more than five acres for a period not exceeding seven years. Rent was to be no less than one shilling per acre and the land was to be used for such purposes as residence, place of business or for use as an orchard, vineyard or garden. After seven years, a Crown grant could be applied for with payment of not less than one pound per acre with previously paid rentals being used to defray the purchase price.
Successful applications had cards created at the Occupation Branch replacing the registers. One card was to record the details of the application and subsequently, record correspondence and file management matters and the other was to record the payments of rent instead of these being entered in rent rolls.
Unsuccessful applications were to be sent to Melbourne, marked with the application number written inside the District Office stamp to be 'Put Away'. These would continue to be available in case of appeal against the decision of the Local Land Board.
District Survey Offices and the Lands Enquiry Office in Melbourne could receive applications for any Land District. These were recorded in special registers, without being allocated a number, with the papers then being sent to the Land Officer of the District in which the land applied for was situated this being noted in the register.
The system of District Land Offices parallelled by similar 'District Offices' in the Occupation Branch continued, with a smaller number of physically separate offices outside Melbourne. Within the Occupation Branch itself, officers dealt with the business of a number of District Offices with the number of Divisions within the Branch fluctuating relative to the amount of business to be transacted, this in turn being affected by legislative enactments.
Section 12 of the Amending Land Act 1865 allowed persons to make application for the outright purchase or selection or for a lease of land in declared, surveyed and proclaimed agricultural areas for the purposes of residence and cultivation. The lease could be granted for a term of seven years at a rent of two shillings per acre per annum with the lease to be executed within three months of application.. Rent was to be paid half-yearly with a half-years rent in advance. The lessee was to reside upon the land for at least three years and make improvements to it. If these terms were met, after that three years, there was a right of purchase of the land at he price of one pound per acre. Allotments, as determined by the Board of Land and Works, were to be between 40 and 640 acres with no individual being able to select more than 640 acres per year.
Applications were to be made in the form set down in the Schedules to the Act in person at a land office and be accompanied by a half-years rent in advance. The priority of the order of applications was to be determined by lot. Any refusal of an application was to be notified within thirty days in the Government Gazette with the reasons for refusal or disallowance being given.
Applications were to be made in the form set down in the Schedules to the Act in person at a land office and be accompanied by the purchase price of the whole lot or the purchase price for half and one years rent in advance for the other half. Applications were to be entered into a register, which was to be open to public inspection, by the land officer . The priority of the order of applications was to be determined by lot. Any refusal of an application was to be notified within thirty days in the Government Gazette with the reasons for refusal or disallowance being given.
For the recording of the progressive payment of rents, Registers of Lessees were created and maintained by the officials in Melbourne responsible for the records relating to these sections of the Act. Initially, these were based on the location of the offices of the Receivers of Revenue (a departmental officer or another designated Crown officer such as a Clerk of Courts). Lessees would pay rent to the local Receiver of Revenue convenient to their location, returns of payments would be forwarded to the office of the Department of Crown Lands and Survey in Melbourne where they would be recorded in the appropriate register. With the formation of the Occupation Branch and the conduct of business according to the District Offices established, these registers were then allocated to a specific District Office within the Occupation Branch. Records within these registers may be for properties which, after 1874, were located in parishes which had been allocated to different District Offices.
The Register of Lessees recorded the date of the lease or its reference number, the county and parish, the extent of the land being the allotment and section and area and for each year, the number of the report (regarding observance of the conditions of the lease) and the amount of rent to be paid in half-yearly instalments. A remarks column contains notations regarding the subsequent purchase of the land, the transfer to another lessee or to a section of the Land Act 1869 (usually Section 33) or any cancellation, transfer or revocation of the lease. Other Registers also contain notations regarding the location of the Land Office where the land had been originally selected or the Act and Section under which it had been originally leased. These notations are often accompanied by a correspondence number or a reference to an entry in the Government Gazette.
VPRS 13265/P1 was previously registered as Unit 10 of VPRS 1295/P Leases Book.
Part II of the Land Act 1862 allowed for the Sale of Lands by Selection. More than 10 million acres of land was reserved for proclamation as agricultural areas for residence and cultivation and not less than four million acres was to be available for selection within three months of the passing of the Act. Land was to be surveyed into lots of at least 40 acres and not more than 640 acres with each lot to be divided into two subdivisions. Selectors could purchase both subdivisions at the price of one pound per acre, or could purchase one subdivision and lease the other one. Persons holding occupation licenses under terms of the notices of 1861 had a pre-emptive right to select the land which they were occupying with the consent of the Board of Land and Works.
Leases were to be for eight years at a rent of two shillings and sxpence per acre or part of an acre with the lessee having a pre-emptive right of purchase. Selectors could not be infants or married women (unless they had obtained a judicial separation) and had to be resident in Victoria. No-one could select more than 640 acres in a year. Unselected land or land where leases were forfeited were to be sold at public auction. Conditions of the selection were that selectors would, within a year of the selection, cultivate one tenth of the land, or erect a habitable dwelling upon it or fence the land.
Applications were to be made in the form set down in the Schedules to the Act in person at a land office and be accompanied by the purchase price of the whole lot or the purchase price for half and one years rent in advance for the other half. Applications were to be entered into a register, which was to be open to public inspection, by the land officer . The priority of the order of applications was to be determined by lot. Any refusal of an application was to be notified within thirty days in the Government Gazette with the reasons for refusal or disallowance being given. Leases also had to be approved by the Governor-in-Council.
For the recording of the progressive payment of rents, a register of lessees was created in Melbourne for each locality where revenue was collected. Initially, each register was based on the location of the offices of the Receivers of Revenue (a departmental officer or another designated Crown officer such as a Clerk of Courts). Lessees would pay rent to the local Receiver of Revenue convenient to their location, returns of payments would be forwarded to the office of the Department of Crown Lands and Survey in Melbourne where they would be recorded in the appropriate register of lessees. With the formation of the Occupation Branch and the conduct of business according to the District Land Offices established, these registers were then allocated to a specific District Land Office within the Occupation Branch. Records within these registers may be for properties which, after 1874, were located in parishes which had been allocated to different District Land Offices.
This register recorded the date of the lease or its reference number (which may be the lease number or an application number), the county and parish, the extent of the land being the allotment and section and area and for each year, the number of the report (regarding observance of the conditions of the lease) and the amount of rent to be paid in half-yearly instalments. A remarks column contains notations regarding the subsequent purchase of the land, the transfer to another lessee or to a section of the Land Act 1869 or any cancellation or revocation of the lease. These notations are often accompanied by a correspondence number or a reference to an entry in the Government Gazette.
This series recorded details of payments for land located in parishes later administered by the Castlemaine District Land Office after c1874.
VPRS 13087/P1 was previously registered as Unit 2 of VPRS 1314/P Register of Lessees, Land Act 1862. It was reserialied in 2002.
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The rent price index in Australia in the first quarter of 2025 was 122.1, 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 775 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 30 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 16 and 30 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.