More affordable housing

More affordable housing

Over the past 5 years, Victorian Government revenue from stamp duty has grown from $3.8 billion to $6.2 billion.

The Council to Homeless Persons Victoria has released their State Budget Submission 2018-2019, asking that the Victorian Government spend part of stamp duty windfall on affordable housing, to stop the growing homelessness in Victoria.  You can read their submission by clicking here. 

They have also produced a short video on the issue:

  

Released today is the biannual Rental Affordability Index produced by National Shelter, Community Sector Banking and SGS Economics and Planning.

Some key take-outs for Victoria are:

  • Households earning $50,000 p.a. looking for a two-bedroom rental must move at least 115km from Melbourne to escape unaffordable rent
  • Every suburb in Melbourne, Geelong, or Bendigo is rated as “extremely unaffordable” for people on Newstart (paying at least 60% of their income on rent)
  • All of Melbourne is either “extremely” or “severely unaffordable” for single pensioners (70% of their income on rent)
  • A single parent working part-time and relying on some benefits cannot afford to live anywhere in Melbourne, the major regional cities, and even in major regional centres like Warrnambool
 You can check out the affordability in your area by using the interactive map by clicking here.