Australia’s housing affordability crisis has reached “fever pitch” as interest rate hikes push rents to fresh highs and force huge numbers of pensioners and low-income workers into unaffordable properties.
A report into the housing market by Anglicare Australia on Thursday found the number of affordable rentals for minimum-wage workers has halved in the past decade to just 15 per cent, while only 1.4 per cent of available houses are still affordable for aged pensioners.
