With rent prices on the rise, one group says a growing number of people are reaching breaking point.
Analysis from National housing campaign Everybody’s Home has formulated a weekly rents index for houses in the Brisbane region, including Logan.
The index shows rents for suburbs south and southeast of Brisbane, including some Logan suburbs have increased just over $100 in the past 12 months.
In the Beenleigh corridor, it shows rents have increased $96. That’s a rise of between 18%-24% for those regions.
Meanwhile, vacancy rates sit at or below 1%.
Figures show renters are around $5000 worse off per year.
| Region | Asking rent
Feb 23 |
12 month change in weekly rent | Vacancy rate
Jan 23 |
| Inner Brisbane | $685 | $185 or 37% | 1.1% |
| Brisbane CBD | $672 | $156 or 30.3% | 1.1% |
| West Brisbane | $588 | $116 or 24.6% | 0.8% |
| Southern Brisbane | $561 | $110 or 24.4% | 0.9% |
| East Brisbane | $703 | $132 or 23.1% | 1% |
| Ipswich | $477 | $86 or 21.9% | 1.1% |
| Beenleigh Corridor | $578 | $96 or 20% | 0.6% |
| Northern Brisbane | $578 | $91 or 18.6% | 0.6% |
| South East Brisbane | $656 | $101.52 or 18.3% | 1% |
*week ending 28 February 2023
Everybody’s Home spokesperson Maiy Azize said the consequences of government inaction will only worsen.
“More renters … are being priced out of having their basic need for a home. Many are being forced to skip meals, avoid going to the doctor, and get into debt spirals just to pay the rent,” Ms Azize said.
“There’s only so much people can afford to pay in rent. Right now, there’s no end to the housing crisis in sight. Politicians can’t keep leaving it to chance, hoping we’ve reached a tipping point. The sad reality is rents will keep climbing without government action.
“With interest rates set to rise again this week, renters could be faced with another increase and unlike landlords, they don’t get tax handouts to help them stay afloat.
“We also need the federal government to make a major investment in social housing. Australia needs to build at least 25,000 new social homes each year to end our shortfall.”
