Over 100,000 Australians were homeless last night. Today over half a million Australians live in financial distress. Over one million affordable homes are needed over the next 15 years to solve the housing crisis.
Unmet demand for social and affordable housing has left over 640,00 Australian households without a viable, stable and sustainable home. This is projected to rise to 940,000 households by 2041.
A range of factors has led Australia to this crisis point:
In all states and territories, governments have designed policy and incentives to remove barriers to investment and housing development. This action is making developments that might not be economic on the private residential market financially viable for social and affordable housing.
Since 2020, Australian governments have committed billions to social and affordable housing, with more investment coming annually. That momentum is expected to build with more funding coming on stream in the near future.
Financial incentives take a range of forms:
Combined, incentives significantly de-risk projects, making it possible for developers and community housing providers to invest in development now, mitigating current supply and labour costs.
Key government initiatives include:
Goodhouse Partners tracks government, property and community housing activity, maintaining an up-to-date picture of the market, supported with credible data. Our methodology is analytical and evidence based.
That market intelligence means better decision-making from the outset, and through a project's lifecycle.
We translate government policy and program information to plug into development and financing processes. And, we have a robust assessment process to test project alignment with government and community housing requirements.
