The ‘affordable’ housing policies that subsidised a rental unit listed for $925 a week
Australia's investment in affordable housing is primarily benefiting middle-income earners rather than those in genuine need. A report highlights that many subsidized units are still too expensive for low-income individuals, with some rentals exceeding $900 a week. The analysis calls for a reevaluation of the current affordable housing policies to better serve those facing housing precarity.
- ▪Government funding is being directed towards building high-priced affordable apartments rather than social housing.
- ▪A one-bedroom affordable apartment in Bondi is listed at $925 a week, making it unaffordable for low-income earners.
- ▪Eligibility rules often exclude low and middle-income individuals from renting subsidized affordable units.
Sydney Morning Herald publishes from Australia and files mainly under world. We currently carry 3,299 of its stories.
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