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New research by the ACOSS/UNSW Poverty and Inequality Partnership shows renters on low and modest incomes are in the grip of a housing pincer, especially in regional Australia, as surging rents and the Commonwealth’s neglect of social and affordable housing creates acute stress.
The report notes that while some States have recently increased their investment in social housing, they simply lack the financial firepower to make up for a decade of neglect.
Four state Governments (Victoria, Queensland, Tasmania and Western Australia) have announced significant self-funded public housing construction programs as a component of post-pandemic stimulus investment, providing an investment of nearly $10 billion over the next few years.