 |
| Giphy |
Neglecting problems can lead to severe consequences, aka a stitch in time saves nine, and it seems Australia’s housing market owns this statement. The lack of affordable housing options is reportedly costing the country hundreds of millions of dollars per year.
What is it about, mate?
A report by Dr. Andy Nygaard of the Swinburne University of Technology states how lack of investments in this space is costing the world's biggest island AUD676.5 million annually in lost economic and social benefits.
Who’s paying the price?
The Australian economy, which mostly means the taxpayers.
How much will it spiral to?
A whopping AUD1.286 billion by 2036.
Biggest Losers
Sydney, Gold Coast, Melbourne, Parramatta, Sunshine Coast, Northern Territory, Tweed, etc.
Solution anyone?
Something like the Everybody’s Home campaign started by various organisations.
What about the Government?
The Home Guarantee Scheme for 5% deposits and the First Home Super Saver Scheme are being touted. The question of their effectiveness however remains unanswered. Guesses?