COMMUNITY & SOCIAL HOUSING
LESS than 300 of the 45,000 rental listings currently advertised across Australia are affordable for a person earning a full-time minimum wage, analysis shows, and...
Anglicare’s 2024 Rental Affordability Snapshot 2024 showed that as rents surge and vacancies hover around historic lows, affordability continued to slide backwards for...
In its analysis, Anglicare used the internationally accepted benchmark of rent needing to be no more than 30% of a household budget for it not to cause financial stress and...
Meanwhile, for a single person out of work and on the JobSeeker payment, the only affordable properties they would be able to find were two rooms in a sharehouse...
“While housing costs have risen faster than wages for decades, they’ve risen even faster than social security payments. Current rates of income support are so...
“The simple truth is that the federal government could eliminate poverty for people on social security altogether, simply by raising payments that allow people to...
Not as simple as supply
“This year, the number of rental listings in Tasmania increased by nearly 20% compared to the 2023 Snapshot. Yet despite this increase in the rental supply...
The crisis has prompted major government programs seeking to boost supply. National cabinet’s National Housing Accord kicks off in July, aiming to deliver 1.2 million...
However, the targets are considered farfetched by analysts amid a severe labour shortage, current low approval rates and planning red tape...
The ANZ suggested last week that new supply is unlikely to make a dent in prices any time soon and that policy should rather focus on existing stock...
Public housing stock has not kept pace with population growth, and the shortfall in public and community housing has climbed to 640,000 homes, according University of...
The report also said the private rental market is “not designed or set up to help Australians, especially those on low incomes, to find affordable housing”...
“Tax and transfer settings are designed in such a way that the private rental market’s primary purpose is to maximise return on investment for landlords and property investors...
Anglicare proposed that the capital gains discount would be phased out over a period of 10 years, ensuring that the housing market has time to adjust, and...