Housing crisis threatens middle Australia

Abstract

At least 650,000 new social homes are urgently needed as the nation’s affordability crisis creeps towards middle Australia, St Vincent de Paul Society says.

Vinnies’ national council president Claire Victory believes the great Australian dream is fast moving beyond the reach of minimum income earners, placing pressure on a limited, overheated rental market.

She says more than 116,000 people are sleeping rough across the country every night and with stagnated wages and real estate prices continuing to soar, the federal government needs to intervene as a matter of urgency.