A new rental affordability index has painted a bleak picture of housing in many regional, with parts of Central Victoria faring poorly.
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The annual index report, released by SGS Economics and peak housing body National Shelter, is an easy to understand indicator of rental affordability relative to household incomes and scores regions based on these factors.
With a Rental Affordability Index (RAI) score of 115, affordable leasing in regional Victoria has decreased significantly since the pandemic.
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The Greater Kyneton and Daylesford regions both scored unaffordable
Meanwhile, Greater Castlemaine and Bendigo’s fringe were deemed moderately unaffordable.
Image: Andrew Mead via Unsplash.
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