Rents Devour Over Half of Take-Home Pay in Every Capital as Building Target Slips

55% — that's the share of a typical single worker's take-home pay consumed by the median apartment rent in Melbourne, the most affordable major capital for unit renters. In Sydney, renting the median apartment at $756 a week devours 69% of the income of someone earning $70,000 — up from 65% in March last year. Everybody's Home's new "Priced Out" report confirms apartment rents now eat more than half of a median earner's pay in **every single Australian...