Australia’s housing crisis worsens, with soaring rents and rising homelessness; urgent government intervention needed for affordable housing solutions.
In Short
Australia faces a housing crisis with soaring rents and rising homelessness, as government housing development has plummeted. Martin Kennedy urges government intervention to provide at least 10% of new homes to tackle the issue effectively.
Australia is currently experiencing a severe housing crisis marked by skyrocketing rents and rising homelessness, with 10,000 individuals becoming homeless each month.
Martin Kennedy, Executive Manager of Public Affairs at Home In Place, highlights the failure of relying solely on the private sector for housing. In the past, government involvement in housing development was significant, accounting for 15-20% of new homes. However, this percentage has drastically declined to about 1-2% today.
Kennedy notes that house prices have outpaced wages, leading to higher rents and a rationing of social housing. This situation has left many full-time workers at risk of homelessness, indicating a major systemic failure.
The “One in 10” initiative calls for the government to provide at least 10% of new homes, reinstating a practice that worked effectively for decades. Kennedy argues that housing is as essential as education and healthcare, yet the current private-sector-dominated housing market fails to meet the needs of low to moderate-income individuals.
He suggests that the government must return to building affordable housing to address this crisis. With vacancy rates tightening and rising rents affecting families, Kennedy asserts that government intervention is crucial for resolving the housing shortage.
As Australia prepares for an upcoming federal budget and election, he encourages the public to advocate for change by contacting their local representatives and addressing this pressing issue.
