The Rental Affordability Index (RAI) is a price index for housing rental markets. It is an easy to understand indicator of rental affordability relative to household incomes and is applied to geographic areas across Australia.
National Shelter, Community Sector Banking and SGS have released the RAI on a biannual basis since 2015. This release we are pleased to announce that the Brotherhood of St Laurence have joined the partnership to make a positive impact on housing policy.
The results of this RAI release have found that Hobart is now the least affordable capital city in Australia followed by Sydney. To better illustrate the situation for vulnerable groups, in this release we assess the rental affordability situation for Australian household types including minimum wage couples and hospitality workers.
In the below video SGS Senior Associate and Partner, Ellen Witte, discusses the key findings to come from the May 2018 RAI results.