Australia’s Rental Crisis to worsen in 2023
Concerns are rising that more Aussies will be pushed into homelessness as 6600 homes across the country will no longer be part of a rental affordability scheme and the availability of private rentals remains low.
The scheme, which was introduced by the Labor government in 2008, was axed by the Coalition government in 2014 and will no longer operate from 2026, with a further 9200 to leave the scheme in 2024.
The Federal Government is set to build 30,000 new social and affordable homes in the next years. However, many campaigners have argued this falls far short of what is needed.
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