{"id":132606,"date":"2019-03-18T16:41:00","date_gmt":"2019-03-18T09:41:00","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australia-needs-one-million-social-affordable-homes-by-2036\/"},"modified":"2022-12-11T02:54:55","modified_gmt":"2022-12-10T19:54:55","slug":"australia-needs-one-million-social-affordable-homes-by-2036","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australia-needs-one-million-social-affordable-homes-by-2036\/","title":{"rendered":"Australia needs one million social, affordable homes by 2036"},"content":{"rendered":"


\nAustralia will have a deficit of 1.02 million social and affordable residential properties\u00a0by 2036, according to a joint report released this month by the University of New South Wales (UNSW) City Futures Research Centre and Community Housing Industry Association (CHIA) NSW. The continent currently has an unmeet need of 651,200 social and affordable homes, led by Sydney with a shortfall of 136,100 units; Melbourne with 109,100; and Brisbane, 69,500. The NSW capital\u2019s need will balloon to 217,000 social and affordable homes by 2036, the report showed. The deficit will hit 176,800 units and 117,600 units in Melbourne and Brisbane, respectively. More:\u00a0Here are five of the best new Australian architects The report refers to social homes as those rented to people on social security and affordable homes as those rented out at 20 percent less than market rates to lower-income groups. \u201cOur analysis shows that the sheer number of households in rental stress across the country means that if we\u2019re going to meet the need, at least 12 percent of all our housing by 2036 will need to be social and affordable housing \u2014 which is a very reasonable ambition in global terms,\u201d said lead researcher Laurence Troy in a statement. \u201cIt is possible for underlying economic conditions to change, shifting more household\u00a0out of rental stress,\u201d the report stated, referring to residents who pay over 30 percent of their income in rent. Conversely, if housing costs increase without a commensurate hike in wages, more households across Australia could fall into rental stress, researchers warned.\u00a0
\n
\nSource : property-report.com
\nRead more…Australia needs one million social, affordable homes by 2036<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Australia will have a deficit of 1.02 million social and affordable residential properties\u00a0by 2036, according...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-132606","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yuO","jetpack-related-posts":[{"id":77700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-to-homes-conversion-threatens-supply-of-affordable-units-in-england-finds-study\/","url_meta":{"origin":132606,"position":0},"title":"Offices to homes conversion threatens supply of affordable units in England, finds study","date":"January 22, 2018","format":false,"excerpt":"\r More than half of all new homes in some areas of England have been created by allowing developers to convert offices without building any affordable homes, an impact study of the policy has revealed. Since 2015, 30,575 housing units in England have been converted from offices to flats without\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39657,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-offers-7bn-affordable-homes-fund-to-housing-providers\/","url_meta":{"origin":132606,"position":1},"title":"Government offers \u00a37bn affordable homes fund to housing providers","date":"January 5, 2017","format":false,"excerpt":"\r Scheme described as \u2018dramatic expansion\u2019 of housing programme in England but sum is compiled from previous announcementsHousing providers can apply for a share of a \u00a37bn fund to increase the supply of affordable homes, the government has announced.As of 5 January, housing associations, local authorities and private developers in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/off-the-plan-apartments-in-australia-face-price-falls-as-market-supply-exceeds-demand\/","url_meta":{"origin":132606,"position":2},"title":"Off-the-plan apartments in Australia face price falls as market supply exceeds demand","date":"January 13, 2017","format":false,"excerpt":"\r Inner city units in Sydney, Melbourne, Brisbane and the Gold Coast sold off-the-plan have been declared a \"clear and present danger\" to property buyers due to over supply forcing down prices.A report by trends forecaster Hotspotting...\r \r Source : nzherald.co.nz\/Property\r Read more...Off-the-plan apartments in Australia face price falls as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housebuilding-data-shows-dearth-of-homes-for-affordable-renting\/","url_meta":{"origin":132606,"position":3},"title":"Housebuilding data shows dearth of homes for affordable renting","date":"November 20, 2019","format":false,"excerpt":"\r Only 37,825 new homes built to be let at discounted rents last year, despite waiting list of 1.1mEngland\u2019s shortage of affordable rented housing shows no sign of ending, as official figures revealed on Wednesday that only 37,825 new homes were built to be let at discounted rents last year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bloom-holding-looks-to-finalise-deal-on-affordable-housing-project-near-abu-dhabi-airport\/","url_meta":{"origin":132606,"position":4},"title":"Bloom Holding looks to finalise deal on affordable housing project near Abu Dhabi airport","date":"September 8, 2016","format":false,"excerpt":"\r Bloom Holding is hoping to finalise a deal that will allow it to develop a 2.2 million square feet plot of land near Abu Dhabi airport by the end of the year. The chief executive Sameh Muhtadi said that Bloom expects to be able to put about 13,500 homes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81169,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/world-class-globals-melbourne-project-nearly-sold-out\/","url_meta":{"origin":132606,"position":5},"title":"World Class Global\u2019s Melbourne project nearly sold out","date":"February 27, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the AVANT residential project in Melbourne. Singapore-listed developer World Class Global (WCG) has sold more than 96 percent of the 456 units at its 56-storey AVANT residential project in Melbourne, recording total sales of AU$252.7 million (S$261.96 million). According an SGX filing on Tuesday (27 February),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/132606"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=132606"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/132606\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=132606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=132606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=132606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}