That Sydney is the second-most unaffordable city in the world was not lost on close to 200 people who came together to discuss practical solutions to the chronic underinvestment in social and affordable Housing crisis in Sydney.
Diverse participants from all levels of government, development industry, community housing sector, NGOs, private sector, urban development and planning professionals, and housing researchers were in attendance and worked collaboratively to develop a Communique on Affordable Housing. The Hon Anthony Roberts MP, Minister for Planning, Minister for Housing and Special Minister of State opened the conference and looks forward to the outcome of the forum and recommendations.
Recent studies show that as of 2017, 373,000 households in NSW cannot get into housing at market rates or are under rental stress and this will increase to 670,000 households by 20251. Meanwhile, though more than 5,000 dwellings per year of social and affordable housing are required in Sydney, only 10,000 are planned for the next 20 years.
Click here to read more.