Skip to content
Political

Young renters falling behind as rent rises outstrip income support increases

Homelessness Australia 2 mins read

 

Young renters who receive income support in Brisbane and Perth are doing it tougher now than they were a year ago, despite receiving income support increases in the 2023 Budget, with other young renters grappling with a rental affordability crisis that has barely improved.

 

A new Homelessness Australia analysis cross referencing youth income support against the cost of rentals has prompted urgent calls for increases to income support to tackle the crisis. In its submission to the forthcoming Commonwealth Budget, Homelessness Australia calls for Youth Allowance and other benefits to be increased to the aged pension rate of $80 a day, along with a 60 per cent increase to Commonwealth Rent Assistance.

 

The analysis finds a 16-17 year old sharing a property in Brisbane now forks out 83 per cent of their income compared to 76 per cent one year ago. In Perth the proportion of income has also increased from 74 per cent to 76 per cent. Sydney has barely improved, declining from 99 per cent to 94 per cent, while in Melbourne, there was also a small decline, from 78 per cent to 73 per cent. 

 

 

 

Total weekly income 16-17 yr old sharer Mar 2023

Total weekly income 16-17 yr old sharer Mar 2024

Share of 2-bedroom unit Mar 23

Share of 2-bedroom unit Mar 24

Percentage income paid in rent Mar 23

Percentage income paid in rent Mar 24

Sydney

$337.3

$385.7

$333.0

$363.0

99%

94%

Brisbane

$337.3

$385.7

$258.0

$281.5

76%

83%

Canberra

$337.3

$385.7

$289.5

$296.5

86%

77%

Perth

$337.3

$385.7

$251.0

$291.5

74%

76%

Melbourne

$337.3

$385.7

$262.5

$283.0

78%

73%

Darwin

$337.3

$385.7

$246.0

$244.0

73%

63%

Hobart

$337.3

$385.7

$249.5

$230.5

74%

60%

Adelaide

$337.3

$385.7

$200.5

$226.5

59%

59%

 

The analysis cross references payment figures from the Department of Social Services against SQM asking rental prices for a two bedroom unit in major metropolitan cities. 

 

“Our housing system is irrevocably broken,” said Kate Colvin. “Anyone caught in the vice-like grip of this housing crisis finds it extremely stressful, but young people receive lower income support than older people, putting them last in the pecking order for securing a tenancy.

 

“As these figures show, the housing system is financially stacked against young renters.

 

“Our policy choices actively conspire to push young people towards homelessness. Right when they need stability to take their first steps in employment or further education they are pushed into poverty, resulting in social exclusion, mental illness and lost lifetime productivity. The costs and consequences of our warped housing system will only escalate for young people and the broader society, unless we make better choices.

 

“Increasing Youth Allowance and Commonwealth Rent Assistance is not an act of charity or generosity. It is a hard headed investment in young people’s future and the nation’s productivity. We need to get our head around the wisdom of preventing homelessness rather than dealing with the escalating social costs of allowing youth homelessness to escalate.”

To arrange interview call Matt Coughlan 0422 229 032

More from this category

  • International News, Political
  • 23/05/2024
  • 10:51
Monash University

Monash Expert: UK election announced

British Prime Minister Rishi Sunak has announced 4 July as the date for the UK general election, despite commentators predicting an election later in the year. A Monash University expert is available to talk about why the Prime Minister may have brought the election date forward and the outlook for both major parties. Associate Professor Ben Wellings, Politics and International Relations Contact details: +61 421 470 181 or Ben.Wellings@monash.edu Read more of Associate Professor Wellings’ commentary at Monash Lens The following can be attributed to Associate Professor Wellings: “Despite the Conservatives trailing by 20 points in the polls no-one should…

  • Political
  • 23/05/2024
  • 10:30
Community Housing Industry Association

CHIA launches national domestic and family violence standards

The Community Housing Industry Association has today launched a new set of national standards to help housing providers respond effectively to domestic and family violence. The standards include offering victim-survivors the chance to move house where required, ensuring homes are promptly maintained, and making sure staff are trained in how to work with victim-survivors and help them access support services. The standards cover seven areas including: • Building a skilled workforce • Facilitating access to support for victim-survivors who are tenants • Strong access, tenancy management and maintenance practice • Monitoring of operational performance • Advocacy and community engagement •…

  • Education Training, Political
  • 23/05/2024
  • 08:01
Parliament of Australia

Why isn’t civics education working?: Electoral matters committee begins hearings

TheJoint Standing Committee on Electoral Matterswill hold the first public hearing for itsinquiry into civics education, engagement, and participation in AustraliaonThursday 23 May 2024. Committee Chair,Ms Kate Thwaites MP,said ‘it’s concerning that many young Australians don’t have the grounding in civics to set them up to be confident participants in our democracy. ‘Data from the National Assessment Program – Civics and Citizenship shows that in 2019 just 38 per cent of Year 10 students and 53 per cent of Year 6 students achieved the ‘proficient’ standard. 'As we begin our inquiry, the Committee will be investigating how civics forms part…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.