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Easing Housing Stress: AAH Budget Statement 2012-13
Housing stress affects more than one in ten Australian households. However households in the private rental market experience the greatest hardship with one in four households in housing stress.
This is a national crisis that needs to be immediately addressed as a priority in the 2012- 13 Budget and form the basis of a National Housing Strategy.
Excessive levels of rental housing stress are driven by inadequate supply of affordable rental housing, as well as by inadequate incomes. Consequently, both supply side and demand side solutions are required to provide immediate relief to those in housing stress and a sustainable framework for the supply of affordable housing into the future.
Increasing the supply of affordable housing will require an overhaul of the way housing programs are funded, however these reforms outlined below, will take time. In order to immediately boost the supply of affordable housing, and prevent a downturn in the building industry, where private investment in dwellings is expected to halve in the 2012-13 financial year, Australians for Affordable Housing is calling on the Government to fund an immediate a $2.5 billion stimulus payment in the 2012-13 budget to deliver 8,300 social housing properties. This would boost the capacity of the social housing sector, pave the way for future reform and help to prevent a downturn in building activity.
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