Rental-Insights-A-COVID-19-Collection - Flipbook - Page 23
RENTAL INSIGHTS:
HOUSEHOLDS
UNDER STRAIN
Of this group, 40 per cent reported
feeling higher levels of loneliness as
a result of COVID-19. Single, older
very-low income renters reported even
higher rates of loneliness in this period
(46%). They are 1.5 times more likely
than all other renters to report this.
Proportion of older very-low income renters who report typically not having money
left after rent to afford costs
80%
70%
60%
Very low-income older renters report
these as ‘typical’ risks. They are not
particular to COVID-19. This shows a
failure of the private market to meet
the needs of vulnerable households,
particularly those with government
pensions or allowances as their main
source of income.
Proportion affected
What is the relevance
to Australian policy?
50%
40%
30%
20%
There is an urgent need to address
rental affordability among very lowincome renters, and particularly older
renters who are struggling more. Public
support for secure social and affordable
housing is essential as the private
market is not addressing the needs
of this group.
10%
0%
Essential costs
Nonessential costs
Saving/ investment
Growing social isolation through
COVID- 19 also needs to be addressed.
Non-essential costs like social activities may not be
necessary for survival, but they are the key to wellbeing.
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