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Sydney renters continue to feel the pain of property market She does not wear make-up or perfume and dresses in second-hand clothes. When household items such as a bed or refrigerator need to be replaced, she has looked to street kerbs and online trading websites for other people's cast-offs. Tamara spends "almost half" of her income on renting a two-bedroom apartment in Marrickville. But Tamara (who asked for her surname not to be published) still struggles to make ends meet in Sydney's overheated property market. Tamara pays $480 a week in rent – "almost half" of her $50,000 income – for a two-bedroom apartment above a shop on a busy road in Marrickville in Sydney's inner west. It is relatively cheap for an area where similar-sized properties rent for more than $600 a week. "It would be reasonable for two single people sharing, as were the tenants prior to me," she said. "But I'm a single parent on a single income and I've been raising my son on my own since I was three months' pregnant." The latest Rental Affordability Index, released on Wednesday, found Sydney the least affordable region in Australia, with average income households paying 29 per cent of income on rent. The least affordable suburbs were the Sydney CBD, Darling Point, Edgecliff and Point Piper, where households on average annual earnings of $90,000 Mortgage brokers Brisbane North use this link would pay 87 per cent of income on rent – far in excess of the threshold of 30 per cent at which people struggle to pay for basic needs such as food, air-conditioning, medicine and transport. An average-income household would have to pay 73 per cent of earnings for a three-bedroom property in Paddington and Centennial Park, while rents for similar-sized dwellings in Bronte, Waverley, Kirribilli and Milsons Point consume 72 per cent of average income. The RAI report found rents remained "severely to extremely unaffordable" within a 10-kilometre radius of the Sydney CBD, with the average household facing rents of more than 60 per cent of their total income in some inner-city suburbs.
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