Victorian government throws renters onto streets
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I noted earlier this month that Victoria was ground zero of Australia’s homelessness crisis.
Victoria has the lowest share of social housing in Australia, accounting for only 3% of total residences. That is far lower than the national average of 4.2%, which is already low by worldwide standards.
The Guardian reported a year ago that Victoria’s social housing stock rose by only 74 homes in four years “despite a huge waiting list”.
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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.