The latest release of the Rental Affordability Index (RAI) highlights that JobSeeker recipients are facing severe rental stress across the country. The RAI is an indicator of the price of rents relative to household incomes based on new rental agreements. It is released annually by National Shelter, Bendigo and Adelaide Bank, SGS Economics & Planning and the Brotherhood of St Laurence. To view the interactive map, click here. To view the full report, as well as the media releases
According to National Shelter - Investment in much needed public and community housing has been overlooked in Budget 20/21 - an area of infrastructure investment that would have led quickly to jobs for tradespeople and houses for the growing lists of people who need them.
Australia’s peak housing and property groups have joined with the ACTU, ACOSS and Industry Super Australia to form a national alliance focused on increasing the provision of social and affordable housing across Australia. Investment in housing as part of a stimulus program as Australia navigates the economic impacts of the COVID-19 health pandemic is one critical way that governments can work with industry to help re-boot economic activity.
National Shelter hosted a forum highlighting the modelling behind our Social Housing Acceleration and Renovation Program (SHARP) proposal and linking that work to an ongoing international research consortium examining the role of housing as economic infrastructure to improve economic productivity with CHIA and Homelessness Australia.