Property

Issue No. 34 - April/May 2007

15,000 South Australian households in housing stress

The Housing Industry Association has warned that the continued decline in housing affordability, if left unchecked, could see an escalation in the number of homeless Australians including South Australians.

Soaring rents and a higher incidence of mortgage stress are placing unprecedented pressure on lower-income families. HIA's Regional Director, Robert Harding said there are now more than 15,000 SA households who are paying more than 30 per cent of their income in rent or loan pay...

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