Australians for Affordable Housing (AAH) was launched today at Parliament House to challenge Australian governments to address housing affordability – the single biggest cost of living issue facing Australians.
Australians for Affordable Housing’s analysis: Australia’s broken housing system released today reveals the dire state of the Australian housing market for those trying to secure affordable housing.
Housing costs are both the biggest item in household budgets and the fastest increasing cost – having increased 55 per cent over the last six years.
AAH spokesperson, Sarah Toohey said that across Australia it is becoming harder and harder to secure affordable housing.
“In the last ten years house prices have risen by 147 per cent while incomes have risen by only 57 per cent and in the last five years rents have risen at twice the rate of inflation,” said Ms Toohey.
“Households are paying more than they can afford for housing, with over 740,000 renters and more than 380,000 mortgaged home owners reporting significant financial stress.
“Despite significant investment in recent years, there is less public and community housing properties now than there was in 2003.
“Housing stress affects renters, first time buyers and home-owners. The Australian housing system is failing too many people and successive government policy settings have contributed to this failure. We need strong leadership from the Federal Government to drive the necessary changes at the federal, state and local government levels. It’s time for a new approach, to develop a concrete plan to fix the housing crisis,” said Ms Toohey.
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