Hunter Region rental prices rise, increasing homelessness risk

rental crisis housing affordability Hunter Region homelessness rent increases

Rising rental prices across the Hunter region are increasing the risk of homelessness for low-income residents, according to Homelessness NSW. Data from Cotality for the 12 months leading to August indicates that unit rental prices have outpaced inflation in every council area within the Hunter region.

In the Upper Hunter, weekly unit rents increased from $407 to $454, a rise of nearly 12 per cent. Other notable increases include Maitland, where rents rose from $490 to $519, and Newcastle, where unit rents grew by approximately 5 per cent, from $642 to $673 per week. Other areas seeing increases include Dungog, Lake Macquarie, Singleton, Cessnock, and Port Stephens.

Dom Rowe, chief executive of Homelessness NSW, noted that the current market leaves many residents vulnerable to losing their housing due to a single missed paycheck or unexpected bill. Rowe highlighted that there is a waitlist of 70,000 people for social housing, with wait times averaging up to a decade.

Entities

Cotality · Dom Rowe · Homelessness NSW · Hunter region · Newcastle

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Rent increases are putting people at risk of homelessness. www.newcastleherald.com.au · www.singletonargus.com.au · www.portstephensexaminer.com.au
[● 3 SOURCES] Unit rental prices outpaced inflation in every Hunter council area for the 12 months to August. www.newcastleherald.com.au · www.singletonargus.com.au · www.portstephensexaminer.com.au
[● 3 SOURCES] There are 70,000 people on the social housing waitlist. www.newcastleherald.com.au · www.singletonargus.com.au · www.portstephensexaminer.com.au
[● 3 SOURCES] Unit rents in Newcastle grew from $642 to $673 per week. www.newcastleherald.com.au · www.singletonargus.com.au · www.portstephensexaminer.com.au
[● 3 SOURCES] Weekly unit rents in the Upper Hunter rose from $407 to $454. www.newcastleherald.com.au · www.singletonargus.com.au · www.portstephensexaminer.com.au
[● 2 SOURCES] Weekly unit rents in Maitland rose from $490 to $519. www.singletonargus.com.au · www.portstephensexaminer.com.au

Sources

Just $50 more? For Hunter renters, it could mean food or a roof overhead [www.newcastleherald.com.au]

3 days ago

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3 days ago

Just $50 more? For renters, it could mean food or a roof [www.singletonargus.com.au]

3 days ago

Just $50 more? For renters, it could mean food or a roof [www.portstephensexaminer.com.au]

3 days ago