HOMES STILL NOT AF­FORD­ABLE

Southern Gazette (South Perth) - - RESIDENTIAL -

FEWER than a quar­ter of Perth homes are af­ford­able for those earn­ing less than the Perth me­dian house­hold in­come, ac­cord­ing to the find­ings of a new hous­ing af­ford­abil­ity study.

The re­port, Hous­ing Af­ford­abil­ity – A study for the Perth metropoli­tan area, found more than 50 per cent of Perth homes were af­ford­able only to high-in­come house­holds earn­ing more than $102,841 gross an­nu­ally.

Of the 110,779 sales an­a­lysed dur­ing the study from 2013 to 2015, fewer than 1 per cent were con­sid­ered af­ford­able to very lowin­come house­holds earn­ing less than $43,000 gross an­nu­ally, and about 8 per cent were af­ford­able to low-in­come house­holds earn­ing be­tween $42,851 and $68,560 gross an­nu­ally.

Hous­ing Min­is­ter Bren­don Grylls said while the prop­erty mar­ket had soft­ened and im­proved avail­abil­ity for some, those on the low­est in­comes were still find­ing it ex­tremely dif­fi­cult to find avail­able, ap­pro­pri­ate and af­ford­able hous­ing.

“With over 80 per cent of sales be­ing larger prop­er­ties, it’s also ev­i­dent that there’s a lack of di­ver­sity in Perth’s hous­ing stock,” he said.

The ex­cep­tion to this was in the in­ner-city sub­urbs, where 34 per cent of sold prop­er­ties had two bed­rooms or fewer.

Shel­ter WA ex­ec­u­tive of­fi­cer Chan­tal Roberts said the re­search iden­ti­fied the limited hous­ing op­tions for low to mod­er­ate-in­come house­holds in Perth.

“There are many house­holds trapped in our in­se­cure pri­vate rental mar­ket due to a lack of di­verse and af­ford­able op­tions, par­tic­u­larly in lo­ca­tions close to jobs and ser­vices,” she said.

“A range of var­ied and af­ford­able hous­ing is needed across all ar­eas to sup­port the de­vel­op­ment of strong and di­verse com­mu­ni­ties.”

REIWA pres­i­dent Hay­den Groves said the re­port high­lighted key is­sues af­fect­ing the in­dus­try and the com­mu­nity as a whole.

“We can see from the find­ings that both hous­ing af­ford­abil­ity and di­ver­sity are is­sues to be ad­dressed and we’re look­ing for­ward to work­ing with both the Hous­ing Au­thor­ity and Shel­ter WA on fur­ther re­search re­gard­ing the state of the WA hous­ing mar­ket,” he said.

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