The 30-40 Rule for Housing Stress

The average national rent in the last few weeks has been around $560 a week. That's another 40-50 bucks on that last half in last year. And you do not need a math degree to realize that this kind of rapid rent inflation puts more and more households at risk of rental stress. According to the Bureau of Stats in 2020, anyone earning less than about $1,400 a week is in that bottom 40%. Just to do a quick bit of maths, 30%, $1, 400 is $422.