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| Name | Young people and retirees being priced out of the rental market in Queensland | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 02-06-2024 07:57:59 |
| Video Discription | When the weekly price of a rental Delvean Steadman had been living in for over a decade went up four times in two years, "it felt like the rug was pulled out" from under her. Nationally, the median cost of rent is now sitting at $627 – a figure that's of little surprise to those who have been priced out of the market. In Brisbane, the median price for a rental is steeper at $649 per week, and across the rest of Queensland, the price is sitting at $615. "Why don't we matter?" the 66-year-old asked. Across greater Queensland, the median income for people over the age of 65 is just $43,000, meaning they would need to spend a whopping 73 per cent of their income on rent. For those aged 24 and under, the outlook isn't any better. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-06-02/rental-crisis-housing-affordability-in-queensland-cost-of-living/103881134 ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on X (Twitter): http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | rent | property | brisbane | queensland | charleville | rockhampton | housing | real estate | wage | cost of living | prices | homelessness | shelter | lease | for rent | landlord | economy | home | students | seniors | average wage | CoreLogic | Housing for the Aged Action Group |
