Collapse in Melbourne affordable rentals drives another fake solution

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By Leith van Onselen

Insane population growth into Melbourne, which has caused a shocking decline in affordable housing, has led to calls for affordable housing targets to be written into legislation:

Melbourne’s population growth has not only added a huge amount of pressure to the suburbs, it’s also put just as much financial pressure on those who can least afford it. The result? A housing affordability crisis with more than 100,000 Victorians desperately needing an affordable home.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.