Demand for proper housing aimed at low-income earners will climb more than 50 per cent by 2041 in many parts of the country, research shows.The research’s release comes ahead of a meeting on Friday that is expected to discuss a federal government-funded subsidy to encourage banks and superannuation funds to invest in the community housing sector.
Sydney alone is expected to have 225,000 households in stress within two decades, up 56 per cent from 2021. Areas around the city’s inner south-west including Punchbowl and Kogarah, the Parramatta region and Liverpool already have the highest proportion of people in stress. “There are Australians with unmet housing needs in all parts of the country. This research identifies the type and location of housing that is needed to meet the needs of the most vulnerable parts of the community,” he said.
Family households represent half of current unmet housing needs. They make up 40 per cent of all households. “We will need to muster additional investment from all levels of government and superannuation funds to meet this challenge. It is hard to think of a higher priority than giving all Australians a stable and secure home,” she said., the federal government plans to spend $350 million to deliver 10,000 additional affordable homes by mid-2029, while states and territories have agreed to contribute funding or in-kind support for 10,000 more.
swrighteconomy rachelclun How good is urban sprawl. ALP pumping the immigration.
swrighteconomy rachelclun Anthills here we come!
swrighteconomy rachelclun Don't hold your breath. This crisis had been seen to be coming since the Greiner government started selling off public housing and anything else they could. It's worsened every decade they've rung their hands and done zip other than sold more off.