Homelessness campaign holds out hope on social housing policies

Published 21st May 2019

Candidates are being cautioned not to underestimate the power of voters experiencing rental stress, following the launch of the first home-loan deposit scheme, which advocates say ignores the needs of nearly one million households living under housing stress.  

The first home-loan deposit scheme is the centrepiece of the Coalition’s housing policy, promising to help 10,000 first home buyers into the market by allowing borrowers to top up a 5 per cent deposit to 20 per cent of a house’s value with a guarantee from the National Housing Finance and Investment Corporation.

But the Everybody’s Home campaign, a national coalition of housing affordability and homelessness organisations slammed the policy, saying it won’t address the systemic failures in a housing system broken for many Australians. 

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Source:
Maggie Coggan, 2019, Probono Australia (https://probonoaustralia.com.au/)