Rent­ing is new norm

Hills Gazette - - NEWS -

THERE are now more renters than prop­erty own­ers in the cities of Swan and Kala­munda, ac­cord­ing to the lat­est 2016 Cen­sus re­sults.

Hous­ing af­ford­abil­ity ex­pert Robert Snell said the re­sults showed that across Aus­tralia, the num­ber of peo­ple rent­ing ac­com­mo­da­tion had con­tin­ued to in­crease.

“Renters now out­num­ber own­ers with­out a mort­gage and are just be­hind own­ers, with a mort­gage in over 150 lo­cal govern­ment ar­eas in­clud­ing the shires of York, Toodyay, Chit­ter­ing and Northam,” he said.

“The trend shows that rent­ing is the new norm and that the sit­u­a­tion is only get­ting worse.”

Mr Snell called on state and fed­eral gov­ern­ments to ad­dress the hous­ing af­ford­abil­ity cri­sis.

“Trapped in the cy­cle of be­ing un­able to save due to high rents, renters are fur­ther dis­ad­van­taged as land own­ers in­crease their wealth off prop­erty in­vest­ments,” he said.

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