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The Australian Housing and Urban Research Institute (AHURI) has released a new report arguing that Australia is suffering from a critical shortage of 433,000 social housing dwellings that will continue to worsen unless dramatic policy action is taken:
Over the next 20 years, it has been estimated that 727,300 additional social dwellings will be required, with current price procurement costs varying from $146,000 to $614,000, depending on local land values, building types and construction costs in different regions…
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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.