The Australian Housing and Urban Research Institute (AHURI) has released a new report on private sector involvement in social and affordable housing, which warns that Australia is falling desperately short of social housing with 727,300 needed by 2036:
Under the (National Housing and Homelessness Agreement) NHHA, around $1.6 billion is provided each year to states and territories via bilateral agreements. However, funding for new social housing supply from both NHHA and additional state and territorial commitments remains inadequate to meet existing and projected need. Since its commencement in 2018, there has been a net increase to Australia’s social housing stock of just 120 dwellings (Australian Institute of Health and Welfare 2021; Productivity Commission 2021), against projected future requirements of 727,300 dwellings by 2036…
The inadequate funding of social housing, particularly by the Australian Government, has resulted in attention shifting as to how the private sector can help fund affordable housing delivery…
