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Affordability Bites

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Housing affordability in Sydney has steadily declined over the past decade and reached crisis point in some suburbs. Even many moderate income individuals and familiies cannot afford to rent a home and the dream of home ownership is well beyond reach.

Affordability Bites provides snapshots of how people on very low, low and moderate incomes are faring in this challenging rental market.

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23. There has been a 3.4% decline in six months in rental affordability for people on moderate incomes* in the Waverley LGA.

*For people on incomes below $97,400 a year or 80-120% of the median income 27% of homes were affordable in June 2016 vs 30.4% in December 2015.

Source: Centre for Affordable Housing, Department of Family & Community Services, June 2016 data

Bridge Housing rents 207 social and affordable homes to people in need in Waverley LGA. Learn more about our portfolio.

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22. Housing affordability has continued to worsen for people on very low*, low** and moderate incomes*** in the Leichhardt LGA in the past 6 months.

*For people on incomes below $40,600 a year or 50% of the median income, 3.2% of properties are affordable.

**For people on incomes below $64,900 a year or 50-80% of the median income 11.7% of properties are affordable.

***For people on incomes below $97,400 a year or 80-120% of the median income 32.7% of properties are affordable.

Source: Centre for Affordable Housing, Department of Family & Community Services, June 2016 data

Bridge Housing rents 109 social and affordable homes to people in need in Leichhardt LGA. Learn more about our portfolio.

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21. Just 1 in 34 homes is affordable for people on very low incomes in the Parramatta LGA.*

*For people on incomes below $40,600 a year or 50% of the median income, 2.9% of properties are affordable.

Source: Centre for Affordable Housing, Department of Family & Community Services, June 2016 data

Bridge Housing rents 210 social and affordable homes to people in need in Parramatta LGA. Learn more about our portfolio.

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20. Half as many homes (and just 1 in 20) are affordable for people on low incomes* in the Randwick local government area than five years ago.

*For people on incomes below $64,900 a year or 50-80% of the median income.

In June 2016, 4.9% of properties were affordable vs 7.3% in June 2011, a 47.2% decrease in affordability

Source: Centre for Affordable Housing, Department of Family & Community Services, June 2016 data

Bridge Housing rents 259 social and affordable homes to people in need in Randwick LGA. Learn more about our portfolio.

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19. In the past five years, more than a third of the rental housing affordable for people on low incomes* in Waverley LGA has disappeared.

*For people on incomes below $64,900 a year or 50-80% of the median income. In June 2011, 151 homes were available compared with 95 in June 2016.

Source: Centre for Affordable Housing, Department of Family & Community Services, June 2016 data

Bridge Housing rents 207 social and affordable homes to people in need in Waverley LGA. Learn more about our portfolio.

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18. Rental affordability in some local government areas – including Blacktown, Marrickville and Parramatta - improved slightly for people on moderate incomes* in the five years to December 2015.

*For people on incomes below $97,400 a year or 80-120% of the median income:

  • 83.6% of properties in Blacktown are affordable vs 82.5% in December 2010
  • 53.7% of properties in Marrickville are affordable vs 52.8% in December 2010
  • 81.7% of properties in Parramatta are affordable vs 76.8% in December 2010

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents a total of 439 social and affordable homes to people in need across Blacktown, Marrickville and Parramatta LGAs. Learn more about our portfolio.

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17. Rents are highly unaffordable close to the inner city. Affordability improves the further households live from central Sydney, and rental housing generally becomes more affordable west of Parramatta.*

* Source: Rental Affordability Index, National Shelter and SGS Economics and Planning, November 2015

Bridge Housing rents 1,767 social and affordable homes to people in need in Greater Sydney. Learn more about our portfolio.

16. Very low income households* in Greater Sydney would need to spend 65% of their income to access housing that is 25% below the market price.

* For people on incomes below $40,600 a year or 50% of the median income.

Source: Rental Affordability Index, National Shelter and SGS Economics and Planning, November 2015

Bridge Housing rents 1,767 social and affordable homes to people in need in Greater Sydney. Learn more about our portfolio.

15. Affordability in Greater Sydney has been relatively stable in recent years. But the average household must spend 28% of household income on rent, very close to the 30% rental stress threshold.*

* Based on the average disposable household income in 2013–14 of $998 per week: ABS Survey of Income and Housing

Source: Rental Affordability Index, National Shelter and SGS Economics and Planning, November 2015

Bridge Housing rents 1,767 social and affordable homes to people in need in Greater Sydney. Learn more about our portfolio.

14. Housing affordability for very low income earners has continued to worsen in Parramatta LGA, despite growth in affordable housing for people on low-to-moderate incomes.*

* For people on incomes below $40,600 a year or 50% of the median income, 2.8% of properties were affordable in December 2015 vs 3.2% in December 2010.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 210 social and affordable homes to people in need in Parramatta LGA. Learn more about our portfolio.

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13. Just one in 25 homes in the Waverley local government area is affordable for people on low incomes.*

* For people on incomes below $64,900 a year or 50-80% of the median income 4.8% of homes were affordable in December 2015.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 207 social and affordable homes to people in need in Waverley LGA. Learn more about our portfolio.

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12. Housing affordability for people on very low incomes has decreased by 62% in the past 10 years in the City of Sydney.*

* For people on incomes below $40,600 a year or 50% of the median income, 2.6% of homes are affordable vs 7.1% in June 2006.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 311 social and affordable homes to people in need in the City of Sydney. Learn more about our portfolio.

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11. In the Leichhardt local government area housing affordability for people on low incomes has decreased by 40% in the past 10 years.*

* For people on incomes below $64,900 a year or 50-80% of the median income 12% of homes are affordable vs 20% in June 2006.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 99 social and affordable homes to people in need in Leichhardt LGA. Learn more about our portfolio.

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10. Housing affordability for people on low incomes has decreased by 66% in the past 10 years in Bankstown local government area.*

* For people on incomes below $64,900 a year or 50-80% of the median income 18.7% of homes are affordable vs 54.5% in June 2006.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 99 social and affordable homes to people in need in Bankstown LGA. Learn more about our portfolio.

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9. Just 1 in 100 rental properties in the Waverley local government area is affordable for people on very low incomes*

* For people on incomes below $40,600 a year or 50% of the median income, 1.1% of properties were affordable in December 2015.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 207 social and affordable homes to people in need in Waverley LGA.  Learn more about our portfolio.

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8.The supply of affordable rental housing for people on moderate* incomes has grown 11% across Sydney in the past five years but supply for people on very low** incomes has dropped 22%.

*For people on incomes below $97,400 a year or 80-120% of the median income 60.4% of properties are affordable vs 53.9% in December 2010.

**For people on incomes below $40,600 a year or 50% of the median income, 3.5% % of properties are affordable vs 4.5% in December 2010.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 1,767 social and affordable homes to people in need in greater Sydney. Learn more about our portfolio.

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7. There has been a 40% decline in rental affordability for people on moderate incomes in the Randwick LGA since 2006. 

For people on incomes below $97,400 a year or 80 -120% of the median income 37.9% of homes are affordable vs 62.0% in June 2006.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 259 social and affordable homes to people in need in Randwick LGA. Learn more about our portfolio.

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6. Half as many homes across Sydney are affordable for people on low incomes as a decade ago.

* For people on incomes below $64,900 a year or 50-80% of the median income 18.4% of homes are affordable vs 38.8% in June 2006.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 1,767 social and affordable homes to people in need in greater Sydney. Learn more about our portfolio.

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5. Just one in five people on low incomes can afford to rent a home in the Parramatta local government area. *

* For people on incomes below $64,900 a year or 50-80% of the median income 19.2% of homes were affordable in December 2015.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 210 social and affordable homes to people in need in Parramatta LGA. Learn more about our portfolio.

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4. In the past decade, half as many rental properties in Marrickville are now affordable for people on low incomes. *

* For people on incomes below $64,900 a year or 50-80% of the median income 20.1% of properties were affordable vs 41.3% in June 2006.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 164 social and affordable homes to people in need in Marrickville LGA. Learn more about our portfolio.

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3. Blacktown is now beyond reach for 19 out of 20 home renters on very low incomes *

* For people on incomes below $40,600 a year or 50% of the median income just 4.8% of rental properties were affordable in December 2015.

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 65 social and affordable homes to people in need in Blacktown LGA.  Learn more about our portfolio.

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2. In the 10 years to the end of 2015 rental affordability for people on low incomes in the Randwick local government area deteriorated threefold *

* For people on incomes below $64,900 a year or 50-80% of the median income.

In 2006 18.1% of properties were affordable vs 5.2% in 2015, a 71.2% decrease in affordability

Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 259 social and affordable homes to people in need in Randwick LGA. Learn more about our portfolio.

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1. Just 3 in 100 rental properties in greater Sydney are affordable for people on very low incomes.

For people on incomes below $40,600 a year or 50% of the median income, 3.5% of properties were affordable in December 2015.

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Source: Centre for Affordable Housing, Department of Family & Community Services, December 2015 data

Bridge Housing rents 1,767 social and affordable homes to people in need in greater Sydney. Learn more about our portfolio.

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