Altona Renters Spend Over 30% Income on Housing Costs

In Altona, nearly 40% of renters are spending more than 30% of their income on housing costs, according to recent data from the Altona City Council. This exceeds the commonly cited threshold for housing affordability, leaving many residents struggling to make ends meet.

The issue of rent affordability has become increasingly pressing in recent months, as a combination of factors including low vacancy rates, rising property values, and stagnant wage growth have conspired to push up housing costs. With the summer heatwave cancelling outdoor events and driving people indoors, the pressure on household budgets has intensified, making it even harder for renters to find affordable accommodation. The situation is particularly acute in areas like Civic Parade and Bayside Street, where new developments and gentrification are driving up prices.

Local organisations such as the Altona Community Centre and the Western Region Housing Council are working to address the issue, providing support and advocacy for renters who are struggling to afford their housing costs. In the suburb of Seaholme, for example, the council has partnered with a local housing provider to offer subsidised rentals to low-income families. Similarly, in the neighbourhood of Altona Meadows, a community-led initiative is underway to develop affordable housing options for first-home buyers.

Affordability In Numbers

According to data from the Altona City Council, the median rent for a one-bedroom apartment in the city is now $420 per week, up 15% from this time last year. For a household earning the median income of $83,000 per year, this would represent 32% of their gross income - well above the 30% threshold. In some areas, such as the waterfront precinct, rents are even higher, with some two-bedroom apartments fetching as much as $700 per week. As of June 2026, the council reported that 2,500 renters in Altona were on the waiting list for public housing, highlighting the scale of the affordability crisis.

So what happens next for renters in Altona? For those struggling to afford their housing costs, the best advice is to seek out support and advocacy from local organisations, and to explore options such as subsidised rentals or community-led housing initiatives. Additionally, renters can take steps to reduce their housing costs, such as seeking out roommates or exploring more affordable neighbourhoods. As the city continues to grow and evolve, it is essential that policymakers and developers prioritise affordability and work to create a more sustainable and equitable housing market for all residents.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.