Connect with us

Business

Housing affordability: Essential workers forced to move hours from their jobs as rents and house prices boom – Domain News

Looking to buy a house on the wages of a teacher or a nurse? This is how far you’d have to move from the CBD to avoid being in financial stress from sky-high mortgage…

Published

on

Article feature image
ADVERTISEMENT

Essential workers in Sydney and Melbourne are being forced to move far from where they work to afford to rent or buy a home, new research shows.
Moderate-income workers such as nurses and teachers are struggling to afford housing and are moving away to avoid being in housing stress, defined as spending more than a third of their wage on housing-related costs.
Even so, more than 52,000 essential workers in Sydney and more than 37,000 in Melbourne were still suffering housing stress, the study, Housing…

Click here to view the original article.

Continue Reading
Advertisement
Advertisement

Trending