
Low-income rental market lockout despite Centrelink boost
Australia’s housing system is a “ticking time bomb” with only one percent of single welfare recipients able to afford a rental property before payment cuts, according to a charity’s report.
Australia’s housing system is a “ticking time bomb” with only one percent of single welfare recipients able to afford a rental property before payment cuts, according to a charity’s report.
Finance Minister Mathias Cormann is hopeful the national cabinet can strike a deal to take pressure off businesses being forced to pay rent for their workplaces, even if they have shut down because of the coronavirus.
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The number of older Australians still paying off mortgages or renting well into their sixties is soaring. Besides the impact on lives and household finances, the trend has serious implications for federal budgets and housing policy, argues Rachel Ong ViforJ, Gavin Wood, Melek Cigdem-Bayram and Silvia Salazar.