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Newcastle Herald
Newcastle Herald
Jade Lazarevic

Most of Newcastle and Lake Macquarie 'unaffordable' for renters

Newcastle Lake Macquarie New South Wales Emma Greenhalgh Economics
The annual Rental Affordability Index released on Tuesday showed that almost all of Newcastle and Lake Macquarie was deemed unaffordable based on the average rental income of rental households. Picture supplied

In more bad news for renters the majority of suburbs in Newcastle and Lake Macquarie are labelled unaffordable according to a new report.

And only one suburb - Tighes Hill - came in as acceptable on the affordability ranking according to the National Shelter-SGS Economics & Planning Rental Affordability Index.

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