Victorian government cuts public housing amid crisis
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Victoria is ‘ground zero’ of Australia’s homelessness epidemic.
Victoria has the lowest share of social housing in Australia, accounting for approximately 3% of total residences. That is far lower than the national average of 4.2%, already considered poor by global standards.
The Guardian reported last year that Victoria’s social housing stock rose by only 74 units in four years “despite a huge waiting list” that “has grown by about 45% – from about 44,000 applications in June 2018 to 64,168 in June 2022”.
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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.