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Top 5 housing stressed suburbs revealed

By 7DNews 23/11/2011 02:55:00
Image Credit: housingstressed.org.au Image Credit: housingstressed.org.au

Australians for Affordable Housing (AAH) today revealed the extent of housing stress across Sydney, and the top five housing stressed council areas.

New modelling commissioned by AAH shows the Sydney Local Government areas where renters and home purchasers are struggling with high housing costs and the figures are dire. AAH Campaign Manager Sarah Toohey said that people in Auburn suffered most with 28% experiencing housing stress, while Fairfield had the highest proportion of people experiencing both mortgage stress (34%) and private rental stress (51%). “Areas such as Canterbury, Strathfield, Liverpool and Bankstown all have rates of housing stress over 20%,” said Ms Toohey.

“The high cost of housing in Sydney is not new, but these figures show where the pain is being felt and that urgent action by the NSW and Commonwealth Governments is needed. Sydney needs a housing strategy that includes more than releasing land on the city fringe. Premier O’Farrell needs to invest in more affordable housing options close to jobs and services to reduce the squeeze on weekly budgets.

“Housing is the single biggest cost of living issue in Australia. When low income households spend more than 30 per cent of their income on housing costs they are officially in housing stress. This means they have very little left over to cover other costs like food, transport, bills or money for emergencies” “Australians for Affordable Housing is urging Sydney residents in housing stress to join the campaign to convince governments to address the housing crisis.

“We need collective action at all levels of government to ensure that we fix our broken housing system, and take the pressure off families struggling with high housing costs and lack of affordable options,” said Ms Toohey.

Source: housingstressed.org.au

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