Renters Face More Pressure
July 22nd, 2010
Article Courtesy of SMH BusinessDay. Written By Mr Chris Zappone, 22nd July 2010.
Low-income tenants are finding it increasingly difficult to pay for a roof over their heads as rents surge and the national rental assistance scheme fails to keep pace with soaring costs.
Median weekly rents in capital cities rose 41 per cent from 1995 to 2009 in constant dollars but the Commonwealth Rent Assistance – an untaxed income supplement paid via Centrelink to low-income renters – has remained essentially unchanged, according to a nationwide report by the Tenants Union of Victoria.
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