- On May 17, 2017
- In Uncategorised
According to the latest National Rental Affordability Index (NRAI), produced by National Shelter, SGS Economics and Planning and, Community Sector Banking, Adelaide’s rental affordability continues to decline. The newly developed interactive map, released on the 17 May, shows that for South Australia’s low income earners, affordable housing options are few and far between. The map allows users to visualise rent affordability across South Australia, with the added option to input annual income and number of bedrooms or use a pre-set household profile.
South Australia is a sea of red, unaffordable suburbs for those living on low incomes. The index uses a colour system; green being very affordable, yellow being moderately unaffordable and red, extremely unaffordable. From selecting “single person on benefits” from the household profile menu, the resulting image is red suburbs with RAI of 20-30. Single pensioners show similar results. For a low income earner, there is no suburb in South Australia where the cost of rent is less than 50% of their total income, according to the map.
Although there has been minimal decline for the general publication, people living on low incomes in South Australia have no choice but to live with housing stress. People living with housing stress (paying more than 30% of household income in housing costs) are a growing demographic across the country and the cost of their housing makes it difficult or impossible for them to afford the basic necessities of life. With the highest cost of utilities in the Nation, South Australians are really struggling to survive on their after housing costs incomes.
The updated NRAI also shows that the situation in the North Adelaide, Thebarton and Torrensville areas has worsened – declining from Moderately Unaffordable to Unaffordable.
We encourage you to see for yourself, where you could rent comfortably on your income or perhaps see where people with differing household profiles such as pensioner, single person on benefits or single part time working parent could live.