In fact, the 2016–21 period is the only intercensal period in which there was a (small) increase in the number of dwellings in the bottom four rent segments (of the 12 rent category segments defined from rental data collected in the Census). [...] only 13 per cent of the PRS stock At the high end of the rent distribution ($600/week and in 2021: shrinking from 59 per over), stock increases were smaller compared with earlier intercensal periods, a further reflection of the pandemic- cent of the PRS stock in 1996’ induced, weak rent inflation around the 2020–21 period. [...] Increasing proportion of higher income renters in the PRS, constant numbers of lower income renters The long-term shift in the national distribution of PRS household incomes reveals the growth of households with incomes at mid to high levels ($1,246 a week and above, or $65,000 and above per annum, $2021). [...] Over the same time frame, there has been a relatively constant total number of lower income renters (where each household’s income is between $0 and $888 per week in 2021$) in the PRS; 508,000 households in1996 and 488,000 in 2024, but lower income households make up a shrinking proportion of the market due to the disproportionate growth of households with higher incomes. [...] Shortage of affordable dwellings available for Q2 Households There was a substantial and unanticipated increase in the number of dwellings affordable to Q2 households over the period 2016–21, likely influenced by market responses to the COVID-19 pandemic in 2020 and 2021.
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- Australia
