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Housing bodies have slammed the federal budget for failing to invest directly in public housing:
More than 80,000 people are on Victoria’s waitlist, according to Homelessness Australia, requiring 6000 properties to be built per year for a decade just to catch up with the other states and territories.
Chair Jenny Smith said the Morrison Government “ignored advice from … top economists, property industry and community sector leaders” by not investing in a service that would have created jobs for years and delivered “enormous social good”.
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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.