First Home Seminar 20/June SYD -English

Hello, this is Riche Consulting.

I recently came across a report published by Cotality (formerly CoreLogic), and the headline immediately caught my attention. The report highlighted that rental prices across Australia have risen almost three times faster than wages over the past five years. While rents nationwide have increased by 43.9%, wages have risen by only 17.5%, resulting in rental affordability deteriorating to its worst level on record.
Many people have long believed that rents in Australia are expensive relative to income. However, the situation has worsened significantly since the post-COVID period in 2020. A combination of persistently low vacancy rates, smaller household sizes, and insufficient new housing supply has created a market where landlords and rental conditions are firmly in control. More concerning is the fact that household incomes have not kept pace with these rapid rent increases, making renting in Australia increasingly difficult for many households.
This naturally led me to wonder whether Australia's rental costs are genuinely high by global standards. To find out, I researched average rents across G20 countries. Unfortunately, the results confirmed my concerns—Australia ranks among the most expensive countries in the world for renting.
Based on a typical two-bedroom apartment in an average suburban area—not a premium location, not a disadvantaged area, and neither brand-new nor significantly outdated—Australia topped the list. It was followed by Canada ($3,000–$3,050 per month), France ($2,600–$2,700), Germany ($2,550–$2,600), the United States ($2,500–$2,900), and the United Kingdom ($2,450–$2,800).
Interestingly, South Korea ($1,500–$1,650) and Japan ($1,650–$1,700), where housing affordability is often considered a major concern, ranked much lower among the 20 countries surveyed. This suggests that, relative to income levels, many households in those countries still have enough disposable income to maintain their standard of living and even enjoy occasional overseas travel.
In contrast, Australia's average rent ranges from approximately $3,200 to $3,600 per month. For someone earning an annual salary of $100,000, after paying income tax, superannuation contributions, and rent, only around $2,500 per month may remain to cover insurance, utilities, transportation, groceries, and other living expenses. Under these circumstances, it is hardly surprising that many Australians struggle to build meaningful savings.
According to Cotality's Housing Affordability Report for the September 2025 quarter, renter households are now spending an average of 33.4% of their gross income on rent—the highest proportion ever recorded. Unfortunately, the outlook remains challenging, with rental growth expected to continue outpacing income growth for the foreseeable future.
As a result, First Home Buyers—who are often the most financially vulnerable group in the market—face a double burden. Not only is it increasingly difficult to save for a deposit, but rising rents are making it even harder to put money aside. For many aspiring homeowners, this has become one of the most challenging periods in recent history.

First Home Buyer Focus Seminar – Sydney CBD
Date: 20 June 2026(4-6pm) 22 Gadigal ave, Zetland SYDNEY/ Parking: East Village(2hrs free)

At our upcoming First Home Buyer Focus Seminar in Sydney CBD, we will discuss practical and effective strategies for purchasing your first home while potentially benefiting from Negative Gearing incentives and legally minimising Capital Gains Tax obligations.
We welcome all aspiring First Home Buyers to attend.
To reserve your seat:

• SMS your name and number of attendees to 0404 174 930
• Email: info@riche-consulting.com

Website: www.riche-consulting.com
We look forward to seeing you there.