Rental affordability has gone from record highs to record lows in the space of just three years. from melody low nude Watch Video

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The news for renters across Australia just keeps getting worse. New data shows rental affordability nationwide is now at its lowest level in 17 years with wages failing to keep up with the increased cost of a lease. New South Wales has overtaken Tasmania as the worst state for affordability. Economists say there simply aren't enough rentals to meet demand, insisting the supply of new housing must be increased.

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A report has found rental affordability across Australia has hit a 17-year low. According to real estate data firm PropTrack, households earning a median income can only afford 39% of rental properties advertised online, and almost no properties are considered affordable for households earning around $50,000.
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Parents Financially <br/>Supporting Gen Z , Highlights Current , Economic Woes.<br/>'Newsweek' reports that a recent <br/>survey found that 47% of parents are<br/>financially supporting their adult Gen Z children.<br/>While this number includes everything from <br/>credit card bills to vacations, another 60% said <br/>they are still covering their kids' monthly rent.<br/>Overall, the survey by Savings.com found <br/>that parents are paying twice as much for their <br/>adult children than they are contributing to their retirement savings every month.<br/>The survey found that parents are contributing <br/>an average of $1,384 per month to their <br/>kids, and just $609 to their savings.<br/>'Newsweek' reports that while some may accuse <br/>Gen Z of mooching off their parents, analysts suggest <br/>it may be a sign of the current state of the economy.<br/>Amid surging rent and food prices, many <br/>Gen Z-ers are entering low paying jobs <br/>while also shouldering massive student debt.<br/>There is a clear challenge in <br/>the economy today. Driven by <br/>a convoluted mix of socioeconomic <br/>factors, adults receive help from <br/>their parents well into their <br/>twenties, thirties, and beyond, Beth Klongpayabal, Savings.com's <br/>analytics manager, via 'Newsweek'.<br/>For some, it's tempting to simply <br/>say that today's young adults are <br/>just mooches and that a strong foot <br/>in the rear will launch them into <br/>normal, independent adulthood, Beth Klongpayabal, Savings.com's <br/>analytics manager, via 'Newsweek'.<br/>For some, it's tempting to simply <br/>say that today's young adults are <br/>just mooches and that a strong foot <br/>in the rear will launch them into <br/>normal, independent adulthood, Beth Klongpayabal, Savings.com's <br/>analytics manager, via 'Newsweek'.<br/>That may be gratifying for parents <br/>who are tired of footing the bill, <br/>but it doesn't solve or even <br/>properly describe the economic <br/>factors at play, such as <br/>rising housing costs, Beth Klongpayabal, Savings.com's <br/>analytics manager, via 'Newsweek'.<br/>'Newsweek' reports that many parents are also facing <br/>job insecurity and record amounts of debt, painting <br/>a dire picture of a multigenerational economic crisis.<br/>'Newsweek' reports that many parents are also facing <br/>job insecurity and record amounts of debt, painting <br/>a dire picture of a multigenerational economic crisis
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