The most recent data on wage growth and rent increases in Australia presents a stark picture of the escalating rental crisis, exacerbated by current Labor policies.<\/p>\n\n\n\n
Data released by the ABS today shows wages grew by 1.3% in the September quarter. Meanwhile rents outpaced wages, increasing by 2.2% over the same period.<\/p>\n\n\n\n
“The latest figures are a clear indicator of the failure of Labor’s housing policies. Labor\u2019s rental crisis is getting worse” Greens Economic Justice spokesperson Senator Nick McKim said.<\/p>\n\n\n\n
“While wages have been crawling, rents have been sprinting, pushing more Australians into financial distress. This isn’t just a housing issue; it’s a crisis of economic justice and fairness.”<\/p>\n\n\n\n
\u201cThis trend is particularly alarming in the context of the broader economic challenges facing the nation, including the rising cost of living and the lingering impacts of the COVID-19 pandemic.\u201d <\/p>\n\n\n\n
\u201cWe badly need rent controls, now.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The most recent data on wage growth and rent increases in Australia presents a stark picture of the escalating rental crisis, exacerbated by current Labor policies. Data released by the ABS today shows wages grew by 1.3% in the September quarter. Meanwhile rents outpaced wages, increasing by 2.2% over the same period. “The latest figures … Continue reading “WAGES DATA SHOWS RENT CRISIS IS OUT OF CONTROL”<\/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":[2],"tags":[],"class_list":["post-24039","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24039","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=24039"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24039\/revisions"}],"predecessor-version":[{"id":24040,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24039\/revisions\/24040"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=24039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=24039"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=24039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}