Victoria’s housing crisis demands urgent government reforms

In Short:
– Victoria faces a housing crisis with only 60,000 homes built towards a target of 800,000 by 2034.
– Richard Riordan, Shadow Minister for Housing, Victoria urges focus on infrastructure and affordability rather than just increasing housing developments.

Victoria is experiencing a housing crisis as government targets, planning reforms, and the rental market struggles to keep up with demand. The government aims to construct 800,000 new homes by 2034, but only 60,000 homes have been built in the first two years, raising concerns for first-time buyers and renters.

On this episode of Beyond the Deal, founder of Besser+co, Dion Besser is joined by Richard Riordan, Shadow Minister for Housing Victoria to discuss the ongoing housing crisis, and what solutions could be put in place to assist homeowners in Victoria.