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Thursday, 16 November, 2023
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Megastore opens doors
Vinnies executive general manager commercial services Jeff Antcliff and state president Michael Quinn open the store. 371236 Picture: STEWART CHAMBERS
Vinnies has expanded to meet the needs of the bustling Pakenham community with a new large store on the Princes Highway providing essential products at low prices. The hard-to-miss megastore clearly caught the eye of the community as a crowd already gathered at 9.30am in the heat of this past Friday 10 November to see the opening of the store. This adds to the existing Vinnies on Main Street to total two in Pakenham. The new store is large enough to house its own sections, such as an accessory zone, a first for Vinnies in Victoria, while you can find a whole wall for shoes, and an area for essential items like mattresses at cheap prices. Pakenham’s second Vinnies is located at 88 - 90 Princes Highway, open from 9.30am to 5pm Monday to Sunday.
Rental prices soar By Cam Lucadou-Wells Pakenham rentals are at their most unaffordable since 2015 – severely so for pensioner couples, according to newly released statistics. The Rental Affordability Index depicts a “fundamentally broken” rental market across Melbourne. For pensioner couples, rental prices are rated as “severely unaffordable” across the region – scoring as low as 71 in Berwick, 78 in Narre Warren and 79 in Cranbourne.
While Pakenham just notched into the “unaffordable” category with 81. A score of 50 to 80 is considered “severely unaffordable”, 80 to 100 as “unaffordable”, 101120 is considered “moderately unaffordable”, 120-150 as “acceptable” and over 150 as “affordable”. Meanwhile for minimum wage couples, rental affordability is deteriorating to “moderately unaffordable” in Berwick while still “acceptable” in Pakenham. The Rental Affordability Index is an analysis
undertaken by National Shelter and SGS Economics and Planning. National Shelter chief executive Emma Greenhalgh said low-income people were being priced out of “entire swathes” of Melbourne. “The rental market is fundamentally broken. “Melbourne’s rental market is in a crisis and it’s only getting worse. This disproportionately punishes people with the least.” Overall, Berwick ranks the lowest for af-
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fordability with an “acceptable” index score of 127 (down 8 per cent from two years ago), followed by Cranbourne (132, down 17 per cent), Narre Warren (134, down 7 per cent), Pakenham (141) and Hampton Park (148, down 7 per cent). The suburbs are all rated less than “affordable”, based on Greater Melbourne median gross household incomes of $108,955. Soaring rents are starkly shown in the State Government’s June Rental Report. Continued page 4