Families across NSW are in crisis mode as they shell out more than half their weekly income to pay the rent in markets with limited housing supply and soaring prices.
A report commissioned by rental review site RentRabbit found there were 20 suburbs in NSW considered in “desperate” need of more housing, where tenants were in severe rental stress.
Rental or housing stress is defined by a household needing to set aside more than one third of their income to put a roof over their heads.
The Rental Crisis Report showed there were 13 unit or house markets in NSW where renters were forking out 50 per cent or more of their income each week to pay the rent.