Translating high quality research specific to better design and building practice

Research Library

The HMinfo Research Library contains an in-depth collection of materials on home modifications and related subjects.

The Research Library does not lend books and other items. Under special circumstances, requests to use the library may be made by emailing .

Library Search

 

Affordable Housing in Australia: Pressing Need, Effective Solution

Author: Affordable Housing National Research Consortium,
Type: Book
Year: 2001

Abstract:

Despite mortgage interest rates averaging historically low levels, housing affordability for a significant group of working australians is steadily worsening. A benchmark of 'housing stress' consists of households that pay more than 30% of the gross income on housing costs, whether renting or buying. Since 1986 the number of low-income (the lower 40% of the income bracket) households in dwelling stress in Australia has grown from 90,000 to over 250,000. This number includes capital cities only; the numbers are higher when regional areas are included. On current trends, the number of stresses households in Australia will reach 1 million by 2020. The study whittled down 120 possible policy options to 3 preferred options which include: a direct government subsidy for private (debt) investment in affordable housing; the establishment of a stock exchange listed company as a vehicle for private sector investment in affordable housing; a prescribed ratio for affordable investment assets. Option 1 is the option preferred by the study authors.

Further Details

Author Address: AHURI
Pages: 39
Publish Location: Canberra
Publisher: Affordable Housing National Research Consortium (AHNRC)
Accession Number: 5.3.03
Keywords: Australia, housing improvement, policy compliance
Reads: 399
Back