Northern Rivers Local News
Social housing in Australia declines while rents and house prices rise

Social housing in Australia declines while rents and house prices rise
New data released today by the Australian Institute of Health and Welfare shows the proportion of social housing has declined across Australia at the same time rents and house prices are surging.
From 2014 – 2020, the proportion of social housing households has fallen from 4.6 to 4.2 per cent.
Kate Colvin from Everybody’s Home says that decrease spells major trouble for many Australians living in housing stress,as well as those currently experiencing or on the brink of homelessness.
“Social housing has historically played an important role providinga safe, secure place to call home to those locked out of the private housing market,” Ms Colvin said.
“As more and more people on low to middle incomes are being left behind by rising rents and house prices, the need for social housing in Australia has never been greater. We need the proportion of social housing to grow, not decline.”
“Homes that ordinary families can afford is critical infrastructure for every community. With a home everybody has the ability to live, work and raise their families. But surging prices and low vacancy rates mean a place to call home is increasingly out of reach for many Australians.”
According to June’s CoreLogic report which looked at house price growth for the first four months of 2021, Sydney recorded an extraordinary quarterly growth of 9.3 per cent. In regional NSW, there was a quarterly increase of 7.8 per cent.
There was a 5.5 per cent quarterly increase in house prices in Melbourne, a 6.2 per cent rise in Brisbane and a 7.9 per cent jump in Hobart.
The rental market is also surging, with national rents for all houses increasing by 15.1 per cent and rents for units increasing by 8.1 per cent in the past 12 months.
Further, according to economic modelling, homelessness is projected to surge across Australia by nine per cent this year while housing stress is forecast to increase by 24 per cent.
“We cannot have a situation where house prices rise at close to 10 per cent a quarter in some cases, while social housing declines. That is a recipe for more housing stress, more homelessness and deepening inequality,” Ms Colvin said.
“On the current trajectory, housing stress is only going to worsen for people on low and middle incomes, which is why we need the Federal Government to make an urgent investment in social housing now.”
Breaking News
Two $30,000 Grants Awarded to Combat Senior Isolation in Lismore and Tweed

Ballina News
Mandy Nolan Pledges to Revive Nature Protection Laws with Labor Support

Breaking News
Lismore’s Oakes Oval Wins

Breaking News
Casino Couple Almost Bin $95,000 Winning Keno Ticket

Breaking News
Official Opening Of Clarence Preschool Celebrates A Bright Future For Local Families

-
Tweed Shire News2 years ago
A NEW TWEED HEADS
-
Motoring News2 years ago
Toyota Supra: Get Ready For A Fully Electric Version In 2025
-
COVID-19 Northern Rivers News4 years ago
Northern Rivers Local Health District COVID-19 update
-
COVID-19 Northern Rivers News4 years ago
Northern Rivers COVID-19 update
-
Northern Rivers Local News3 years ago
Fears proposed residential tower will ‘obliterate’ Tweed neighbourhood’s amenity and charm
-
Health News4 years ago
COVID-19 Vaccination Clinic now open at Lismore Square
-
COVID-19 Northern Rivers News4 years ago
Lismore Family Medical Practice employee close contact
-
NSW Breaking News4 years ago
Vale: Former NSW prison boss Ron Woodham