National Shelter, Community Sector Banking and SGS Economics and Planning have formed a partnership to develop and release the Rental Affordability Index (RAI). The RAI is intended to complement the Housing Affordability Index (HAI) developed by the Commonwealth Bank of Australia and Housing Industry Association (HIA).
A main Rental Affordability Index will be released every six months on rental affordability for all rental households in each state. This will be complemented by indices on rental affordability for very low and low income family and non-family households (households in the first and second income quintile). The indices will be available at State, metropolitan/ balance of State and local (postcode and local government area (LGA) levels.
The second release of the Rental Affordability Index which reveals the lowest-income households in Australia are paying up to 85 per cent of their income on rent while rental unaffordability is extending to professionals. is available for download below.