It is no secret that the availability of affordable housing within all Australian cities is a major concern. Those on low to moderate incomes have been forced to move to the outer suburbs away from job-rich city centres.
A recent report from the University of NSW, City Futures Research Centre has promoted the need for large-scale investors to invest directly into affordable housing rental schemes.
Investment within the sector was lost last year when the federal government abandoned the National Rental Affordability Scheme, which offered incentives to those who build or rent dwellings 20% lower than market rent.
A solution surrounding the investment of superannuation funds into domestic property has often been discussed. It provides potential for a steady return on investment and attractive capital gain. This however raises many questions surrounding the development of relations between government departments and investors.
It is obvious that affordable and appropriate housing solutions will become more pressing in coming years due to an ageing population and the need for tailored housing options for those with a disability or illness.
The debate surrounding changing demographics means that both government and providers must look to develop more sustainable models for affordable housing in Australia. The sector must adapt and collaborate to improve housing outcomes for those most vulnerable.
The next conference in this series, Financial Models for Affordable Housing, will focus on how we can articulate a national agenda. Book your place by June 10th to save $300 on ticket prices!