Housing organisations are worried more Australians will be thrown into homelessness without more action from the government.
More than 6600 homes across the country will cease to be part of a rental affordability scheme as cost-of-living pressures rise and rental vacancy rates in all states and territories remain near record lows.
Azize said Australia was already short about 500,000 social homes, and rental conditions meant it had never been more difficult for people to find shelter.. In Perth, Adelaide and Hobart, vacancy rates were below 0.5 per cent for November, while in Sydney and Melbourne the vacancy rates were 1.1 per cent.
The scheme was axed by the Abbott Coalition government in 2014 and will be wound up completely by the end of 2026.This year, 6619 homes will exit the scheme. Nearly 2500 of those homes are in Queensland, while Victoria will lose 1356 properties from the scheme. Western Australia will lose 1110, and NSW will lose 605. There will be nearly 18,000 homes left on the scheme at the end of the year, with another 9200 exiting the following year.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rental market at ‘fever pitch’ as 6600 homes exit affordability schemeMore than 6600 homes across Australia will cease to be part of a rental affordability scheme despite vacancy rates in all states and territories remaining at near record lows
Read more »
Housing is draining the incomes of the poor, while making more and more millionairesHigh home prices are boosting inheritances, meaning your position in society increasingly owes more to which family you're born into than to talent or hard work. But there are solutions.
Read more »
‘A new low’: Real estate agent taken to task over ‘sad’ detail of $300 a week rentalA social media influencer has slammed a Heathcote real estate agent over a $300 rental listing which included a combined kitchen and bathroom space. 7NEWS
Read more »
Is hay fever getting worse every year? All your allergy questions answeredIt's the dreaded allergy that brings grief to an estimated one in five Australians - and there's no real cure. So what really is it? And is it getting worse or becoming more common? 9News
Read more »
Labor promises more first home buyer help in major election pitchNSW Labor has vowed to scrap stamp duty for first home buyers on properties of up to $800,000, and give concessions for homes up to $1m, drawing a contrast with Liberal plans to abolish stamp duty in favour of a land tax.
Read more »