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Rental index shows market failing renters in Bennelong area

Media Release
Lee Rhiannon 1 Dec 2017

MEDIA RELEASE - 1 December 2017

Rental index shows market failing renters in Bennelong area.

Today’s Rental Affordability Index shows the Bennelong area is severely unaffordable for a single person on benefits and single pensioners. A single pensioner would typically pay 60 per cent of their income on rent, leading to significant housing stress.

Caps on rent rises and investment in public and community housing is required to ensure everyone has a stable, affordable home, said Greens federal and state housing spokespersons Senator Lee Rhiannon and Jenny Leong MP.

“Millions of people are hurting and we owe it to them to elevate the provision of housing to a human right,” said Senator Rhiannon.

 “There is not a single area in Australia that is typically affordable for a single pensioner. It’s worse for a single person on Newstart.

 “Only regional South Australia was found to be affordable for single parent household. Importantly, these are most often women,” said Senator Rhiannon.

“The Greens are committed to a 3 step plan for renters’ rights - ending no grounds evictions, limiting rent increases in line with CPI and not allowing more than one increase per year” said Jenny Leong MP.

“Since we announced our plan to protect renters’ rights in late 2014, we've seen Liberal and Labor shift their position and start paying attention to renters, but we need urgent action now to give people renting the right to live in safe, secure, affordable housing.

Greens candidate for Bennelong Justin Alick said, “Housing stress is crippling renters in my electorate, and the community is crying out for leadership. They haven’t been getting it from the Government – they’ve overseen a bigger increase in the cost of housing here than anywhere else in Australia[1].”

“We need a larger and more diverse public and community housing sector in the Bennelong area.

 “We also need to look at Ryde council implementing a vacancy levy on empty homes to ensure properties are being made available to rent,” said Mr Alick.

Shelter report: https://www.sgsep.com.au/maps/thirdspace/australia-rental-affordability-index/

Bennelong

For a single person on benefits, the rental affordability index is below 50, which means they spend 60% or more if their income on rent. This is classed as extremely unaffordable.

For a single pensioner, the rental affordability index is 50 or below, which means they spend 60% of more of their income on rent. This is classed as extremely unaffordable.

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