The latest Rental Affordability Index, released today, is bleak news for renters and home buyers. It reports Sydney is the most unaffordable city for renters, and Melbourne’s rental affordability is decreasing.
“In Sydney, average renting households need to spend nearly 28 per cent of their total income on rent. This is unacceptable,” Greens spokesperson for housing Senator Rhiannon said.
“Taxing empty homes could be one feature of a whole suite of measures to tackle this country’s housing affordability crisis, including negative gearing and capital gains tax changes.