Can we solve Australia's housing crisis? Ambitious plan launched to eradicate rental stress and lower homeless rate

Tue, 23 Aug 2022 23:51:59 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.abc.net.au/news/2022-08-01/plan-to-solve-housing-crisis/101287662>

'Homelessness Australia has launched an ambitious plan to solve the housing
crisis in Australia.

The plan would halve the number of residents experiencing rental stress within
five years and end it in 10 years.

It would also halve the number of people repeatedly turning to homeless
services for help.

They are calling on state and federal governments to invest in 50,000 homes a
year.

This would include investing 25,000 affordable rental properties every year for
low-income earners, and another 25,000 social housing properties.

The chairperson of the advocacy group Homelessness Australia, Jenny Smith, said
homelessness could be over within a decade.

"There is the opportunity for the federal government to tap into institutional
investors like superannuation funds," she said.

"Our superannuation funds invest in social housing in other countries but the
settings for them to do so in Australia haven't been there to date."

The proposal prioritises ending homelessness for Indigenous people and for
women and children, who are over-represented among the 116,000 Australians
homeless every night.'

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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