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public housing in SA « Previous | |Next »
February 14, 2007

In days gone by there was good public housing for those on low incomes, such as the working poor, unemployed or single parents. No more. There is a now a desperate shortage with little public housing being built, and people relying on the private rental market for rental properties.

BateupA.jpg
Ross Bateup

Rising prosperity means a shortage of rental properties as investors invest elsewhere for better returns and new homebuyers entering the property market. We are in our 16th year of continuous growth in the economy since the recession of the early 1990s. Keep the economy growing for long enough, unemployment comes down, house prices increase and rents continue to rise. Hence the housing affordability crisis.

The effects of the growth iareuneven. As Ross Gittens points out in the Sydney Morning Herald:

You can see it in the differing rates of unemployment around the country: 3 per cent in Western Australia and 4 per cent in Queensland, compared with 5 per cent in NSW and Victoria and getting on for 6 per cent in South Australia and Tasmania.

So there is a need for public housing and emergency housing. The common view is that markets should set house prices and rental demand.

| Posted by Gary Sauer-Thompson at 6:17 AM | | Comments (4)
Comments

Comments

The up-side of it is that it is getting young families back to rural areas.

Les,
cheaper housing in rural Australia--what about the jobs?

That's the scenario in Victor Harbor in SA or Whyalla.

A lot of rural towns are booming and upping the real estate prices to city and above levels too....Mining towns are a good example of this...Skilled workers are sort in most country towns as tradespeople are moving to big bucks areas.
Fijian migrant workers will be a boom to towns in the upper parts of Aus over the next few years.

Les,
yes, some country towns are booming especially those out of Sydney.

Presumably some middle class or professional people can also work at home and commute to the office for a couple of days a week.