History shows Hwy upgrade to hit rental market
UPGRADES to the Pacific Hwy between Woolgoolga and Ballina could place further stress on the region's restricted housing market.
Anglicare North Coast last week released a report that revealed many vulnerable people are struggling to find a home to rent on the private market.
The 2015 Rental Affordability Snapshot revealed that the number of properties available in Coffs Harbour to couples on minimum wage had increased following the completion of the Sapphire to Woolgoolga Pacific Hwy upgrade, however it warned of the impacts as work moves north this year.
"We've noticed a trend around the coast that rents went up when major upgrades were underway on the Pacific Hwy, then fell when the work (was completed)," Anglicare North Coast chief executive Estelle Graham said.
The report also showed the number of available properties advertised has dropped 24% since 2013.
"In all towns we've heard stories of people going without meals, medications and of family breakdowns because of the pressure of high rents," Ms Graham said.
The report called for national leadership on housing affordability from the Federal Government.
- Reform negative gearing policy
- Reverse plans to axe the National Rental Affordability Scheme
- A national plan to address housing
- Increase welfare payments for those in need