Doncaster workers now need a staggering 41 per cent pay rise to afford mortgage
The average full-time worker in Doncaster now needs a staggering 41 per cent pay rise to afford a mortgage on a typical home in the town, a report has found.
The National Housing Federation's ‘Yorkshire and the Humber Home Truths 2017/18’ report concluded those earning any less than £33, 271 a year are now priced out of buying the average home in the area.
READ MORE: Housing boost as work starts on new Doncaster Council homesThe report found that despite regional house prices being lower than the national average, the combination of low wages, an above-average unemployment rate and job insecurity is resulting in an acute housing crisis in the area.
Local salaries have failed to keep up with house prices, meaning the average home in Doncaster – costing £145, 562 – is now over six times the average yearly income of £23, 499.
The report also exposes the severe shortfall of new homes in recent years. Between 2012 and 2016, there were nearly 36, 000 too few homes built across Yorkshire and the Humber to keep up with demand, with South Yorkshire alone being 6, 500 homes short.
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However, South Yorkshire Housing Association has plans to build 1, 180 homes by 2021, and in 2017 alone built 73 new homes in the region.
In addition, more than 200 council homes have already been built with over 100 more in the pipeline in Doncaster through the Affordable Housing Programme 2015-18, a partnership between Doncaster Council, St Leger Homes, the Homes and Communities Agency and the developer Willmott Partnership Homes.
Tony Stacey OBE, chief executive of South Yorkshire Housing Association, said: “We tend to talk as though there is just one housing crisis, but it takes many different forms. It is not just about the impossibility of affording a home in London or people sleeping rough.