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One measure of housing affordability is a ratio of housing costs to gross household income, also known as a housing affordability ratio. The complexities in measuring different types of housing costs mean that care should be taken when comparing housing costs and affordability ratios across tenure types.
In 2017–18, this housing affordability ratio for major household tenure types was:
Annotation(s): Note: Survey not run in 1998–99, 2001–02, 2004–05, 2006–07, 2008–09, 2010–11, 2012–13, 2014–15 or 2016–17. Values have been interpolated for these years.
Source(s): Survey of Income and Housing
LOWER INCOME HOUSEHOLDS
Lower income households in this publication are those containing the 38% of persons between the 3rd and 40th percentiles of equivalised disposable household income.
In 2017–18, average housing costs and housing affordability ratios for lower income households by tenure type were:
The proportion of lower income households spending more than 30% of their gross weekly income on housing costs was:
For selected other lower income household groups, the percentage spending more than 30% of their gross weekly income on housing was:
More detail about housing affordability can be found in the data cubes available to download from the 'Downloads’ tab of this product.
Another measure of housing affordability for lower income renter households can be found in data cube 21. That measure, informing one of the performance indicators in the National Housing and Homelessness Agreement, defines lower income households as those households containing the 40% of people at or below the 40th percentile of equivalised disposable household income (excluding RA) calculated at the total Australia households level. More information on this is available as an appendix to the 'Explanatory Notes' of this publication.
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