Renters are facing more financial stress than home owners.... if you think the renters are over the moon because they are smarter, you are dead wrong. "Assets make someone rich," Robert Kiyosaki.
"Households paying 30 per cent of income on rent are at the critical threshold level for housing stress, the report says.
The nation’s average rental household currently spends around 29 per cent of income on rent in Sydney, 28 per cent in Hobart, 25 per cent in Brisbane and Adelaide and 24 per cent in Melbourne.
That means a renting household earning less than $90,000 in Sydney or $84,000 in Melbourne would be in housing stress."
