One Million Homes
Australia will need to build 1 million; or to be exact 1,023,900 homes to meet current demand and keep pace with population growth according to an analysis by UNSW City Futures Research Centre.
The Estimating need and costs of social and affordable housing delivery report presents the scale of rental stress across the country. The research project commissioned estimates of the social and affordable housing need for Australia by sub-region and the likely costs to government of delivering housing to meet these needs over the period to 2036.
Growth in need is projected to 2036 based on regionally differentiated population growth estimates produced by the Australian Bureau of Statistics (ABS) and assumes no shift in the distribution of household types and incomes.
In Western Australia the report has projected that 47,200 social houses and 12,600 affordable houses are needed by 2036, creating a total additional need of 118,400 homes.
Lead researcher, Laurence Troy said 22.5 per cent of all housing growth will need to go towards social housing while a further 10 per cent of growth needs to be below market affordable rental homes.
Social housing is housing provided for people on low incomes or with particular needs by government agencies or non-profit organisations while affordable housing is housing which is deemed affordable to those with a median household income or below.
“Our analysis shows that the sheer number of households in rental stress across the country means that if we’re going to meet the need, at least 12 per cent of all our housing by 2036 will need to be social and affordable housing – which is a very reasonable ambition in global terms,” Mr Troy said.
Shelter WA Chief Executive Officer Michelle Mackenzie said, "This research corroborates recent work by the Australian Housing and Urban Research Institute (AHURI) on the critical shortfall of affordable housing supply in WA. All levels of government need to shift their thinking and invest in housing infrastructure through appropriate land use and taxation policies and targeted subsidies.
"These homes can be delivered if all levels of government work together and with industry and the community sector, and harness the strengths of the community housing sector to facilitate an increase in affordable housing supply."
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