A new analysis of rental data by the Everybody\u2019s Home campaign to coincide with Homelessness Week reveals the NSW regions where renters are hardest hit by the toxic combination of surging increases and stagnant wages.<\/p>\n\n\n\n
The three year analysis cross references SQM rental data with wage growth for workers in retail or health care and social assistance and rental increases. Workers in those occupations saw average wages increase only 2.3 per cent annually over three years. <\/p>\n\n\n\n
But over the three years leading up to 22 July, 2022, rents surged by the following average amounts each year.<\/p>\n\n\n\n \u201cHomelessness providers are reporting stories of families with full time breadwinners being forced to live in tents. In a wealthy nation like Australia this is nothing short of a national disgrace. A new analysis of rental data by the Everybody\u2019s Home campaign to coincide with Homelessness Week reveals the NSW regions where renters are hardest hit by the toxic combination of surging increases and stagnant wages. The three year analysis cross references SQM rental data with wage growth for workers in retail or health care and … Continue reading “NSW rental hotspots revealed for Homelessness Week\u00a0“<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17564","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=17564"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17564\/revisions"}],"predecessor-version":[{"id":17565,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17564\/revisions\/17565"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=17564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=17564"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=17564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} <\/td> 3 year annualised change <\/td> Rent 28 July 2022<\/td><\/tr> South Coast<\/td> 13.4<\/td> $599.91<\/td><\/tr> Central Tablelands<\/td> 12.8%<\/td> $463.68<\/td><\/tr> Murray Region<\/td> 12.2%<\/td> $385.146<\/td><\/tr> Riverina<\/td> 10.8%<\/td> $389.10<\/td><\/tr> North Coast <\/td> 10.5%<\/td> $570.22<\/td><\/tr> Broken Hill\/Dubbo<\/td> 10.1%<\/td> $384.69<\/td><\/tr> Blue Mountains<\/td> 9%<\/td> $545.03<\/td><\/tr> Central Coast<\/td> 8.9%<\/td> $594.03<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Everybody\u2019s Home national spokesperson, Kate Colvin, said the compounding impact of spiking rents and stagnant wages was smashing living standards and putting people at risk of homelessness.
\u201cWe know that rental stress is the gateway to homelessness,\u201d Kate Colvin said. \u201cWhen you combine surging rents with flat wages you put people in a financial vice. For the past three years that vice has been tightening.<\/p>\n\n\n\n
\u201cThe recent change of Government represents an opportunity for a reset. For a decade construction of new social and affordable housing has withered. Now is the time to get moving and give people on low and modest incomes genuine choice.
\u201cJim Chalmers and Anthony Albanese have been clear that public spending should expand the economy and improve productivity. Social housing meets those objectives better than almost anything. There really is no better return on the taxpayer\u2019s dollar than providing the homes Australian families need to be healthy, productive workers, and to raise their families with the stability and security of a decent home.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"