Victoria vows to right social housing wrongs

Last month, The Guardian reported that Victoria had spent about half the national average per person on social housing and that the stock of social homes has fallen to the lowest proportion of all housing in Australia:

The Victorian government has built only 57 of the 1,000 new public housing units it pledged by 2022…

It comes as analysis obtained by Guardian Australia suggests there are nearly 30,000 children among the 100,000 people on the state’s ballooning housing waiting list.

The waiting list has blown out every quarter since a new registry was created in 2016…

To its credit, the Victorian Government has announced that it will spend $5.3 billion to build 12,000 social housing homes:

The Victorian government has committed $5.3bn towards building 12,000 social housing homes throughout Melbourne and regional areas.

The package, to be included in the state’s 2020/21 budget released on 24 November, will deliver 9,300 new homes, as well as the replacement of 1,100 existing public housing units…

The program would also create about 10,000 jobs a year over the next four years, with the first 6,000 dwellings expected to completed within 18 months, he said…

The Victorian Council of Social Service chief, Emma King, said the program would be a “massive leap” towards solving the state’s housing and homelessness crisis.

This is excellent policy. It will provide much-needed stimulus to the state’s economy, which has been left reeling from COVID-19 shutdowns. More importantly, it will help to alleviate homelessness across Victoria, which has grown out of control during the past 15 years of extreme population growth.

The Morrison Government should also come to the party and pledge billions towards social housing initiatives.

Unconventional Economist

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