More than 700,000 homes needed to meet social housing demand

In order to fulfil its promise to give everyone a roof over their heads, Australia would have to exert thrice the effort to establish enough social housing over the next 20 years.

A new Australian Housing and Urban Research Institute (AHURI) report said the country needs 727,000 new social housing properties over the next two decades to meet the shortage. A third of the houses needed would have to be erected in key places like Sydney, Queensland, and Victoria.

In a statement, Everybody’s Home campaign spokesperson Kate Colvin said the required effort by the current government to help low-income earners get a home shows how the problem has been neglected since 1996.

“In a country as wealthy as Australia it is outrageous that we have a shortage of 433,000 social housing properties. This shortage is pushing homelessness to crisis levels and means 1.4 million Australians are living in chronic housing stress and need relief,” she said.

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Source: YourMortgage