Housing stress
Total households 2016
Households in housing stress
What is the dominant type of housing stress?
Households in housing stress
What is housing stress?
Housing stress is a specific term which refers to households having trouble meeting their financial housing obligations – rent or mortgage payments. For those who are purchasing or renting their dwellings, we use the definition of housing stress used by a number of State Governments across Australia, which is households in prescribed income brackets, spending more than 30% of their gross household income on either rent or mortgage repayments. Income brackets for this definition are generally classified as Very Low, Low and Moderate and can be found in the data notes.
With a mortgage
Of the 67,212 households with a mortgage in Gold Coast, 10,179 (15.1%) are in mortgage stress. This is higher than than the Greater Brisbane average.
Mortgage stress compared
Households with a mortgage in housing stress
Mortgage stress by income
Households with a mortgage in housing stress by income band
Where is mortgage stress felt?
Total households in mortgage stress by SA2
How affordable is buying a home?
What households can afford vs median property prices in the 12 months to
This chart outlines the property purchase price that would be affordable to households on very low, low and moderate incomes, in comparison to the median house and unit prices in Gold Coast. This is an indicator of whether purchasing a property is affordable in the area.
Is there enough affordable housing available?
Affordable sales for the 12 months to
Another indicator is the supply of affordable property sales in the area. Over the past 12 months, just 3.1% of all property sales would have been affordable to a household on a very low income.
How affordable are property prices in Gold Coast?
What households can afford vs median property prices over the 12 months to
Unit median
House median
Very low income
Low income
Moderate income
Renting
Of the 73,668 households renting in Gold Coast, 23,825 (35%) are in rental stress. This is higher than than the Greater Brisbane average.
Rental stress compared
Percentage of households renting in rental stress
Rental stress by income
Households renting in housing stress by income band
Where is rental stress felt?
Total households in rental stress by SA2
How affordable is renting?
What households can afford in rent vs market prices ($ pw) in the 12 months to
The chart above outlines the rental price that would be affordable to households on very low, low and moderate incomes, in comparison to the median house and unit rental prices in Gold Coast. This is an indicator of whether renting is affordable in the area.
Is there enough affordable housing available?
Affordable rental listings for the 12 months to
Another indicator is the supply of affordable rentals in the area. Over the past 12 months, just 0.4% of all rental listings would have been affordable to a household on a very low income.
How affordable is renting in Gold Coast?
What households can afford vs market prices ($ pw) over the 12 months to
Unit median
House median
Very low income
Low income
Moderate income
Affordable Housing Need
It is estimated that 13,621 households have an unmet need for affordable housing in Gold Coast. This represents 6.3% of all households.
How many households are in need of affordable housing?
Households unable to access market priced rental housing, 2016
13,621 households (6.3%) are in need of affordable housing in Gold Coast
What types of households are in need of affordable housing?
Households unable to access market priced rental housing by household type, 2016
What is Affordable Housing Need?
…the aggregate of households unable to access market provided housing or requiring some form of housing assistance in the private rental market to avoid a position of rental stress
Housing need is estimated for the following groups:
Homeless
Marginally housed
Very low, low and moderate income households in rental stress
Households in social housing.
Unmet need is based on the groups above, and excludes households in social housing as their need is met.
In some cases, rental stress is only a temporary state. For example, some households within housing stress may have temporarily lower incomes due to short-term unemployment or on parental leave or may be looking to move into a more affordable house after a break up or separation. Many of these households may exit housing stress once they return to work or move house. The latest HILDA report examined persistence of housing stress from one year to the next. The research found that in the 2013 to 2016 period, 49.2% of those in housing stress in year one were also in housing stress in the next year.
To estimate housing need, it is assumed that 50% of rental stress is households in temporary stress. Based on these assumptions, it is estimated that around 11,913 households in rental stress needed affordable housing opportunities in 2016.
