An improvement in affordability for renters to continue with 9% increase in rents expected

 

  • The share of income used for rents fell last year to 33.9%, down from 34.8% in 2018
  • The improved affordability is the result of earnings growth outpacing rental growth
  • We expect this trend to continue with growth in earnings expected to exceed that in rents
  • Please find in the report a full comparison of rents, affordability and forecast across the regions