Tasmanian News

Rental crunch not easing

build a house 4503738 1280

Housing advocacy body Shelter Tasmania is dismayed at the latest rental index revealing Hobart remains the least affordable city in Australia to sign a lease.

An average household with an income just shy of $68,000 has to shell out more than a third of that to live in Tasmania's capital.

That's according to according to the index by National Shelter, SGS Economics & Planning, the Brotherhood of St Laurence and Beyond Bank Australia.

Rising house prices, the rush of people to the regions and the loss of income support measures have led to a perfect storm of unavailability. 

Shelter Tasmania's Patti Chugg has told Tasmania Talks it's not just Hobart.

"Launceston, Burnie, they are now tracking as being unaffordable," she said. 

"Also the coastal regions are showing that really from the Triabunna-Swansea area, they are less affordable as well." 

The report's lead author, SGS Economics and Planning's Ellen Witte. has told Domain.com.au it's having unanticipated flow-on effects for other sections of the economy. 

“We’ve been working with a lot of regional councils in NSW and Victoria to come up with strategies for worker accommodation because the working population is being priced out of the market,” she said.

Where to Listen

lafm logo47AD rgb7BU rgb7SD cmyk