Better measuring outcomes in the rental market

CPRC’s first research projects kick off!

CPRC has embarked on consultations with academics, community advocates, policymakers and industry to further investigate the experiences of those participating in the rental market.

Whether the rental market is working effectively and delivering good outcomes for tenants is currently difficult to ascertain, largely due to a lack of consistent and transparent reporting.

Reports suggest that Australians are facing increased challenges in accessing affordable rental properties. According to the ABS in 2016 there were as many people renting as those who own their own homes outright.[1] Rents continue to increase in metropolitan areas, with the level of affordable rental properties in these areas now consistently less than 10 per cent.

Despite rental and housing costs being the most significant expenditure item for households, Australia still does not have a clear and transparent set of indicators as to whether the rental market is adequately meeting the needs of tenants.

The demographics of people participating in the rental market are also changing markedly. No longer limited to 20-something singles and couples briefly transitioning from living at home to owning a house, now a broad cross-section of ages and household types may spend longer periods in the rental market.

Affordability, quality of available properties, safety and security, health and wellbeing, along with access to effective dispute resolution are all important factors we need to better understand to make informed decisions about effective reform.

CPRC will include these dimensions in the research project which focuses on the reporting of outcomes for market participants. This needs to be better captured to enhance and inform reform. This feedback, along with CPRC’s own research, will form the basis of a report we expect to release in March 2018.

 

 

[1] ABS, 2016 Census QuickStats and dataset 4103.0

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