The housing crisis is not easing and Everybody’s Home campaign organizers are calling on the federal government to urgently invest in social housing as rental vacancy rates in Australia remain low.
Australia’s national vacancy has shrunk by almost a third in the past 12 months and currently stands at 1.7 percent.
Everybody’s Home spokesperson Professor David Adamson said that rate is expected to drop further over the next month. “We generally see stronger demand in January, so the vacancy rate will drop even more,” he said.
Vacancy rates are much lower in many state capitals, with Hobart’s vacancy rate being 0.3%, 0.4% in Adelaide and 0.6% in Perth.
Victoria, Queensland, Tasmania and Western Australia have invested up to $ 10 billion over the next few years to build social housing.
Without investment from the federal government, there will always be a shortage of over 200,000 households that will need social and affordable housing.
“The situation is really dire for low income people, with very few affordable rentals available. For lack of investment in social housing, the federal government has created a housing crisis. ‘
“The only way to alleviate this crisis is for the federal government to step in and build social housing. While some state governments have made their own investments, only the federal government has the fiscal firepower to make a meaningful difference, ”said Professor Adamson.
For more information, visit the Everybody’s Home campaign website.