NSW’s worst rental suburbs revealed

Tweed Heads South is holding the mantle arsenic the state’s worst suburb for renters by a cash-strapped mile.

Average rents successful the Northern Rivers suburb person accrued 11 per cent successful the past year, and rent present eats up 69 per cent of the median income successful the area.

The northside of Greenacre takes 2nd spot successful the authorities rankings of the latest Rental Pain Index, compiled by starring spot information expert Kent Lardner.

Mr Lardner notes contempt rents coming down successful immoderate areas, decreases are not a reliable indicator of easing pressure.

“Focusing solely connected rent increases tin beryllium misleading. Even successful areas wherever terms hikes person eased, galore renters proceed to look terrible affordability issues, with rent consuming good implicit 30 per cent of household income,” helium said.

“This is particularly existent crossed galore (local authorities areas), wherever vacancy rates stay critically low, exacerbating contention for already scarce rental properties.”

The worst 10 suburbs for renters successful New South Wales, ranked by however overmuch of the median income successful that country rent costs, are; Tweed Heads South, Greenacre – north, Bass Hill – Georges Hall, Windang – Primbee, Tuncurry, Nambucca Heads, Tweed Heads, Riverwood, Pottsville, and Brunswick Heads – Ocean Shores.

Once Mr Lardner tallies up the mean rent hike implicit the past twelvemonth and the razor bladed vacancy rates, his investigation shows the tightest section authorities areas are dispersed crossed the state.

Bellingen takes the apical spot for worst section authorities area, with a “rental symptom index” people of 94 retired of 100. Fairfield, Cowra, Singleton and Lismore circular retired the worst five.

New South Wales besides takes the barroom for the authorities with the astir suburbs to people a 100-out-of-100 rental symptom score. Twelve suburbs, each with vacancy rates of 1 per cent oregon less, cannot get immoderate worse for renters, according to Mr Lardner’s metric.

Queensland has 10 100/100 suburbs, Victoria has two.

“It’s not conscionable astir numbers; it’s astir radical astatine hazard of losing their homes. The (rental symptom index) information shows that the hazard of displacement and homelessness is inactive precise real,” Mr Lardner said.

The largest rent hikes successful the authorities for the past twelvemonth see Guilford – South Granville (24 per cent hike), Bass Hill – Georges Hall (21 per cent) and Ashcroft – Busby – Miller (19 per cent).

“Families are being priced out, adjacent successful regions wherever rents aren’t rising arsenic fast. The strategy continues to neglect those who request unchangeable lodging the most.”

Sydney Anglican Property and Anglicare are putting guardant promising initiatives, Mr Lardner said.

Those faith-based organisations are utilizing their under-utilised buildings and onshore for semipermanent affordable housing.

“By turning unused spaces into housing, we tin commencement to code the supply-side issues astatine the bosom of this crisis.”

The 2 faith-based organisations are aiming to physique 1000 affordable rentals with national authorities funding.

Read related topics:Sydney