There is not one property across Australia that is affordable to someone on youth allowance, as experts call for the federal government to build 25,000 homes a year for the next two decades to ease the crisis.
  • In short: The 2024 Anglicare Australia Rental Affordability Snapshot has recorded its lowest ever amount of affordable rentals across the country.
  • Its annual report, released today, shows the number of affordable rentals available for different Australian households on low incomes.
  • The report has found housing availability has not recovered since the start of the COVID-19 pandemic – with average rents $200 a week higher than pre-pandemic levels.
  • jmd_akbar
    27·
    7 months ago

    Let’s incentivise foreign real estate ownership and multiple property owners… Nothing can go wrong here…

    /s

    Sorry for the rant…

    • RailisonEnglish
      12·
      7 months ago

      More than real estate ownership: real estate speculation as an investment strategy

    • naevaTheRat@lemmy.dbzer0.com
      4·
      7 months ago

      What proportion of properties actually have foreign owners and how many of those are vacant?

      I see people point at this all the time but I never see numbers. I feel like the financialisation of housing, negative gearing, capital gains discounting, and underminding of public housing being more than enough to completely fuck shit on their own.