TACKLING OUR HOUSING CRISIS
Rising interest rates, cost-of-living pressures, growing construction costs, a broken housing market, and a persistent shortfall of new homes have led to decreasing rates of home ownership and increasing housing affordability issues across the ACT.
Young people, low-income earners, women escaping family and domestic violence, single-parent households, and people living on income support payments are experiencing alarming rates of housing stress. Home ownership is now beyond reach for many Canberrans unless they can rely on familial wealth.
We urgently need more housing, and more affordable housing. The next generation of Canberrans should be able to live in high-quality, sustainable, well located homes, but our broken housing system is making that increasingly impossible.
According to Anglicare Australia's most recent Rental Affordability Snapshot, only 1 per cent of rental properties in Canberra and Queanbeyan are affordable for minimum wage earners. For pensioners and people on JobSeeker and Youth Allowance, the statistics are even worse.
For too long, housing has been viewed primarily as a financial asset, and only secondarily as the means to satisfy a fundamental human need. The ACT Legislative Assembly has passed legislation to enshrine housing as a human right, making the ACT the first jurisdiction in Australia to do so. But we need significant reform if we are serious about actually upholding the human right to housing.
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