Advocacy group says rents have been ‘running away for years’ and warns of widespread housing stress
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Renting a mid-priced unit in any of Australia’s capital cities now costs more than half a typical single worker’s take-home pay, spurring advocates to urge Labor to offer renters more protections.
New modelling shows someone earning $70,000 – close to the median annual income – would have to spend two-thirds of their earnings if they wanted to rent the median Sydney apartment.