Families Living in Caravans, Cars, Tents or on the Street: Mortgages and Rents Too High
- ifi374
- Apr 10
- 2 min read
News reports regularly surface of families being forced to live in caravans and there is increasing homelessness even amongst those who are currently employed. Families with a typical mortgage are now up to $50,000 a year worse off. Rents have skyrocketed by 17 per cent.
Home ownership is becoming an unaffordable dream or even a nightmare. Many Australians (especially those in younger age groups) are giving up on owning homes and are forced to rent or move back in with their parents. As of May 2022, the national rental vacancy rate stands at 1% which is the lowest level in 16 years. Modelling predictions made by the Australian Housing and Urban Research Institute (AHURI) estimated that housing need might rise to 1.7 million households by 2025.
58% of homeless people are also 34 years or younger even though only 46% of Australians are in this age group. 1 in 5 homeless persons is also Aboriginal or Torres Strait Islander. (https://ownhome.com/articles/is-there-a-housing-crisis-in-australia)
Shockingly, the Albanese government has not built one new home under their flagship $10 billion Housing Australia Future Fund (HAFF) has not built a single new home but has instead “acquired and converted” existing housing stock. Announce in June 2023, they promised it would deliver funding to build 30,000 affordable homes within its first five years.
What is worse, they have lied about HAFF having built 340 homes, as low a number as this is, until caught out recently in a Senate Estimates hearing.
I stand for:
Build more affordable public housing
Increase the First Home Owners Grant and Loan Deposit Schemes
Support First Home Super Saver Scheme which allows people to save for a deposit using their superannuation
Increase the Commonwealth Rent Assistance Scheme
Re-establish the Australian Building and Construction Commission to deal with union corruption that has helped drive up building costs by a third
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