Victoria has been lagging behind other states in developing an affordable housing strategy. Now that one has been released, how well does it meet the needs of households on lower incomes?
The housing supply solution our leaders are advocating will only work if affordability is simply a problem of supply. In fact, Australia is almost a world leader in rates of new housing production.
Although the federal-state agreement does it inadequately and lacks transparency, an enduring program of federal funding for operational expenses is essential to sustain the social housing system.
Weak state policies, which lack clear targets and mechanisms for providing more and better affordable housing, are part of the problem. Victoria still doesn’t have an affordable housing strategy.
Scott Morrison has been exploring a UK model for channelling investment via a specialist financial intermediary into new affordable housing provided by landlords with a social purpose. It makes sense.
A combination of transit-oriented centres, inclusionary zoning and a special rate on land instead of stamp duty could make housing more affordable by cutting congestion, development and travel costs.
The new NSW premier is right to identify housing affordability as a priority for the people and economy of Sydney. It’s not just housing supply that’s the problem – action is needed on many fronts.
Many children are living in low-income families that struggle to pay the rent to keep a roof over their heads. Unaffordable housing is fuelling childhood poverty, so where is the policy response?
For the increasing proportion of people living in private rental accommodation who can expect to be dependent on the age pension, the prospects of financial and housing insecurity are grim.
Do affordable housing projects drive down property values? Does neighbours’ quality of life suffer? Case studies in Brisbane and Sydney suggest such fears aren’t justified.
The report’s stated goal is to make the social housing system work better. It does not present as a manifesto for an entirely marketised and deregulated framework driven by the profit motive.
Who’ll profit from the value uplift arising from the huge investment of taxpayers’ funds in creating better-serviced, higher-density suburbs? And what will the changes mean for existing residents?
New research finds almost a million Australians are living in poor or very poor-quality housing, with more than 100,000 in dwellings regarded as very poor or derelict.
Emerging research challenges the idea that sustainable housing is unaffordable. It shows sustainability and good design can be affordable when analyses include social, health and wellbeing benefits.
The default position for politicians is to sound concerned about housing affordability, but do nothing. This can be explained by the idea of ‘policy capture’, in this case by industry interests.
Professor; School of Economics, Finance and Property, and Director, Australian Housing and Urban Research Institute, Curtin Research Centre, Curtin University