Young people bear brunt of rising housing stress

Tasmanian Labor
  • Shocking figures show impact of COVID-19 on housing stress
  • Young renters bearing the brunt
  • Government must look to long-term solution
  • Shocking new figures showing the number of Australians in housing stress has more than doubled due to COVID-19 provide more evidence that a long-term plan is needed to address the issue.

    Shadow Housing Minister Alison Standen said renters and young people have borne the brunt of the impact and desperately need support.

    “The survey by the Australian National University paints an alarming picture of growing numbers of people unable to pay their rent or meet their mortgage payments,” Ms Standen said.

    “The proportion of Australians unable to meet their regular housing costs jumped from 6.9 per cent in April to 15.1 per cent in May, with renters experiencing more housing stress than mortgage holders.

    “What is even more alarming is the number of young Australians affected, with a staggering 44 per cent of people aged between 18 and 24 unable to pay their rent on time.

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