COTA NSW Tenancy Survey: Results
We asked people about their experience of renting in NSW to inform our submission to the NSW State Government. Here's what we found out.
COTA NSW Tenancy Survey: Results
Released: 25-Nov-2015
Event Date: to
The NSW State Government recently reviewed the Residential Tenancies Act 2010.
In order to ensure that the Government represented the interest of older renters, we conducted a survey that asked people currently renting in NSW and aged 50 and over about their experiences. The results of this survey were used to inform our submission to the Government on the matter.
Key findings:
- Alarmingly, nearly 50% of people said they spent a half or more than half of their household income on rent.
- More than 17% of people said they were spending around three quarters or more of their household income on rent.
- Nearly 60% of people said they were renting because they couldn't afford to buy a home.
- Less than 7% of those renting said they preferred to rent.
- More than 45% of people said they expected to move in the next five years due to rent increases.
To read our full submission to Government on this matter, click here: Submission - Response to Statutory Review of the Residential Tenancies Act 2010