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Feb 28, 2013
joelpringle

Addressing national rental crisis must be Budget priority

Australians for Affordable Housing has today released their pre-budget submission, highlighting the increasing rental crisis and recommending that the Federal Government uses the Budget to provide relief from rental stress.

“The private rental market is not an affordable refuge from high house prices. For many it is a trap that they want to, but can’t, escape.” said Joel Pringle, Campaign Manager of Australians for Affordable Housing.

“Average rents rose by 32% in only five years leading up to 2012. If that continued, the average rent for a house in Melbourne would rise from $360 per week to cost $590 in ten years time, far above general inflation. Average rent for a unit in Sydney would rise from $460 per week to almost $750.”

“This is at a time when there are increasing numbers of people renting. Anyone who thinks this increase is by choice isn’t paying attention. People are being excluded from ownership because of high house prices, and then hit hard with excessive rents.”

“One way that people cope is to move to suburbs further out, meaning that they move further away from jobs. This increases the cost of getting to work and decreases the payoff for having a job. If we want to increase productivity and job participation, we have to make sure that people can get affordable housing that is close to jobs.”

“Not only that, but building affordable homes creates jobs. That’s why we are urging the Government to establish an Affordable Housing Growth Fund.”

The recommendations are:
• Establish and Affordable Housing Growth Fund
• Immediate increase to Commonwealth Rent Assistance
• Commit to an additional 50,000 incentives under the National Rental Affordability Scheme

The full submission can be found at http://housingstressed.org.au/resources/

Australians for Affordable Housing is a coalition of national housing, welfare and community sector organisations to highlight the problem of housing affordability in Australia. For more information visit www.housingstressed.org.au

For enquiries, case studies and interviews contact Joel Pringle, 0427 563 989
Follow AAH on Facebook and Twitter: @housingstressed

  • http://twitter.com/phileendelaroch phileen de la roche

    Yes I agree the rental crisis needs to be addressed it is so important to families something has to be done!!!