Rental affordability

A recently released study by Anglicare titled the 2018 Rental Affordability Snapshot shows the number of properties available for rent in the north has dropped by a third over the past year.

It showed that growth in rental prices has seen a number of low income earners and pensioners in a position where they struggle to afford most of the available rentals advertised in any given week.

To tackle this issue the Tasmanian Government have recently revealed a program that concentrates on housing availability and will be implementing incentives to increase investment in private affordable housing options.  This includes stamp duty incentives and payments to offset discounted rental prices for those in need of housing.  No formal details have been issued yet but with a target to grow the Tasmanian population and a booming sales and rental market they have identified that more affordable housing options are needed.