A New Rental Affordability Report Has Found Sydney Isn’t The Worst City To Rent So We’re All Fkd

Renting has become less affordable in every Australian city in 2022 compared to this time last year, a new rental affordability report has confirmed, but the least affordable city for renting may surprise you. The Annual Rental Affordability report published by SGS Economics and Planning and National Shelter on Tuesday found Hobart — no, not Sydney — was Australia’s least-affordable city to be a renter in 2022. Both Hobart and Brisbane broke records this year for the least affordable they’ve ever been, as did regional areas in Tassie, Victoria, Queensland and NSW, while Perth hit a six-year low. Now, you may be thinking, hang on, rents have only been going up so shouldn’t everywhere be breaking records? Well no, “rental affordability” is not how expensive rents are, but how much rent costs in relation to income,