RAI November 2020 Report
Tuesday, 1 December 2020
Our Rental Affordability Index website page gives insight into the latest report released by National Shelter, Bendigo Bank, Brotherhood of St Laurence and SGS Economics and Planning.
The RAI is a price index for housing rental markets. It is an indicator of rental affordability relative to household incomes and is applied to geographic areas across Australia. The report provides an update of the November 2019 RAI report by providing analysis of data from the four most recent available quarters (September and December 2019, March and June 2020). The report relies on rental bond data up to and including the June quarter of 2020.
RAI Full 2020 Report Interactive Map
RAI November 2020 Trends (WA)
- The median rental household in greater Perth has a gross income of $88,300 per annum.
- With a RAI score of 145, rental affordability has remained stable, and the average rental household face rents at around 21 per cent of its total income.
- The geographic spread of affordability across greater Perth is uneven, with some areas along the coast ranging from Moderately Unaffordable to Severely Unaffordable.
- According to the REIWA Perth Market Snapshot November 2020, Perth median house rent has increased from $370 in June 2020 to $390 in September 2020.