The pandemic brought down rents – but housing is still grossly unaffordable for many | Greg Jericho

The pandemic brought down rents – but housing is still grossly unaffordable for many | Greg Jericho

The Guardian

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The lack of supply of low cost, appropriately sized housing remains as critical as it has ever been

Despite the pandemic bringing about low inflation and the unusual case of rental prices falling, the reality on the ground is dire for low-income households. The latest Anglicare rental affordability snapshot shows affordability – especially for families – has plummeted.

The latest consumer price index figures released on Wednesday showed inflation grew in the past 12 months by just 1.1%. In the past such a figure would have been noteworthy as absurdly low, and yet in our weird pandemic economy it is actually an improvement:

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