Housing affordability

Housing affordability relates to a person’s ability to pay for their housing. It is a complex issue caused by local housing and labour markets as well as larger economic, environmental and social forces. When people struggle to meet the cost of housing, researchers describe it as housing affordability stress.

Measures of housing affordability stress are a topic of debate. However, in Australia a percentage of income spent on housing costs is generally used to estimate the number of households affected (Project 30206). In common use is a 30/40 rule, meaning those spending more than 30 per cent of their income on housing, while earning in the bottom 40 per cent of the income range.

Forthcoming research

A number of newly funded projects are looking to build on this work and examine housing affordability in light of recent Australian policy initiatives such as NRAS.

Useful websites