Australian Household Expenditure Survey Produces Revealing Figures

According to a recent survey, Australians are spending 19.6 per cent of their household expenditure on housing.

The 2015-16 Household Expenditure Survey shows the average family spent about $1,425 a week (£849.634) or (€956.091) — $190 more than six years earlier.

Household debt had also doubled since 2003-4, with the average family owing $169,000 (£100,774.72) or (€113,393.55). Property debt accounted for nearly 90 per cent of this.

The largest weekly expense for families was housing — such as rents and mortgages — followed by food and then transport.

However, the amount spent on power and energy had jumped 26 per cent since 2009-10 — an increase of 11 per cent in real terms.

That's up from 18 per cent in 2009-10.

And for low income families that's even higher with the average household spending a whopping 23.4 per cent on average just on housing.

And when it comes to powering those homes, the amount spent on energy has jumped 26 per cent since 2009-10.

That's an increase of 11 per cent.

A recent survey by consumer group CHOICE found the housing crisis was worrying 77 per cent of young Australians.

The survey found out of renters, 9 per cent of renters had deliberately missed rental payments, 28 per cent have had to borrow money from friends and family and 19 per cent have had to live off a credit card until pay day.