Australia’s impossible social housing task

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By Leith van Onselen

The University of New South Wales’ City Futures Research Centre states that more than one million social and affordable homes will need to be built across Australia over the next 20 years. Laurence Troy from the Centre says an increasing number of people are going into rental stress, which will lead to community division. From The New Daily:

The current scale of rental stress – defined as when households pay more than a third of their income on rent – means that by 2036, the nation will need 728,600 social housing properties, rented to those on social security, and 295,000 affordable rental homes, for low-income earners…

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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.