An academic from the Queensland University of Technology have come up with a brainiac solution to Australia’s housing crisis: have older Australians rent out their spare bedrooms.
“Strong demand in the rental sector is being fuelled by post-COVID population growth of 651,000 persons in 2023, combined with shrinking capacity in housing supply evidenced by falling building approvals and increasing construction company insolvencies”, senior lecturer Lyndall Bryant wrote.
“The government’s own State of the Housing System report has forecast demand for housing to outstrip supply in Australia until at least 2029”.
