Think tanks, universities and the social services sector have warned Australia’s lowest income earners face a shortage of affordable housing for decades unless the federal and state governments work together on a multibillion-dollar investment in social housing.
Research by the ANZ and CoreLogic last week found saving a deposit for a home was now at record levels, with the average household requiring more than a decade to save a 20 per cent deposit. Economic policy program director at the Grattan Institute, Brendan Coates, says a $20 billion fund overseen by the Future Fund could provide an ongoing source of revenue to boost social housing.
Separate research by the ACOSS/UNSW Poverty and Inequality Partnership found the Victorian, Queensland, Tasmanian and West Australian governments have promised 23,000 social and community housing units over the next few years.But there are 155,000 households registered on social housing waiting lists across the country and even the state government promises were only for the short term, with no ongoing commitment to lift investment in the sector.
“State governments generally responded well in their emergency actions to help homeless people and protect vulnerable renters during the worst of COVID. And to their credit, some have gone much further by pledging billions for short-term social housing investment,” he said.
swrighteconomy That’s not what Liberal Governments do
swrighteconomy How about house and land packages?
swrighteconomy Can't help but think the nearly 10 $ Billion + (and counting!) in Stamp Duty NSW 'accrued' in last 12 months should be linked to this: A great word is 'Nexus', not sure what it means..this would be a good definition..shelternsw