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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Elderly tenants struggling with standard of living

By Staff Reporter
07 October 2014 | 1 minute read

Pensioners who rent in Brisbane are doing it tough as they can't afford the basic standard of living, says the Queensland Council of Social Service (QCOSS).

The latest cost of living report from QCOSS found single pensioners in the private rental market spend up to 49 per cent on housing costs, while couples spend 41 per cent.

QCOSS chief executive Mark Henley said rents had increased by 36 per cent in the past seven years, yet Commonwealth rental assistance only increased by 18 per cent.

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"Anyone on the aged pension, whether they are a single person or a couple, are doing it very, very tough," he said.

"Particularly those in the private rental market, they are the ones that can't afford the most basic standard of living.

"When you take that [rent] out, it doesn't leave room for manoeuvring, particular if they face other issues in their life whether it is health or another crisis."

Mr Henley called for an increase in rent assistance and governments to encourage stimulus in the housing market, particularly smaller homes for the elderly.

"We also need to see that the aged pension is linked appropriately to the consumer price index," he said.

"And the other thing is to see some increased funding for community and public housing."

Mr Henley said many pensioners, who did not have the capital to live in a retirement village, were forced to rent in the private market because of the significant lack of available and appropriate social housing.

"While state and federal governments provide a range of allowances and concessions to help age pensioners meet everyday living costs, the fact is that the most disadvantaged are unable to afford even the most basic standard of living," he said.

Elderly tenants struggling with standard of living
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.