Housing affordability still difficult for low-to-moderate income earners in Perth

A new study on housing affordability for people on very low to moderate incomes in Perth has found a mismatch between the availability of housing and what is affordable.

The report, Housing Affordability – A study for the Perth metropolitan area, a collaboration between the Real Estate Institute of Western Australia, the Housing Authority and Shelter WA, concentrated on affordability for households on very low (less than $43,000), low ($43,000-$69,000) and moderate incomes ($69,000-$86,000).

Brendon Grylls, Housing Minister  said that while the property market has softened, improving availability for some, those on the lowest incomes are still finding it extremely difficult to find available, appropriate and affordable housing.

“With over 80 percent of sales being larger properties, it’s also evident that there’s a lack of diversity in Perth’s housing stock,” he said.

“Housing affordability is a complex issue and the information in the report will inform the Housing Authority in the delivery of its commitments under the State Affordable Housing Strategy, which is on track to provide 30,000 affordable housing opportunities by 2020.”

Chantal Roberts, Shelter WA executive officer said the research identifies the limited housing options for low to moderate income households in WA.

“There are many households, including key workers, that are trapped in our insecure private rental market due to a lack of diverse and affordable options, particularly in locations close to jobs and services,” she said.

“A range of varied and affordable housing is needed across all areas to support the development of strong and diverse communities.”

Hayden Groves, REIWA president said the report highlights key issues affecting the industry and the community as a whole.

“We can see from the findings that both housing affordability and diversity are issues to be addressed and we’re looking forward to working with both the Housing Authority and Shelter WA on further research regarding the state of the WA housing market,” Mr Groves said.