Chapter 1: What is the state of social housing in Australia?
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welcome to the last day of the month yes may the 31st of 2022 june tomorrow then july and then we're into august and then the run-up to christmas and it'll happen probably about as fast as that craig stop that's scaring people yeah well it's just a reality whichever way you look at it so what you're saying is people should start planning their christmas holidays
Well, maybe not straight away as in today, but people do like to book early and I'll make this prediction. I bet someone listening to us this morning has decided to do exactly that. Start booking early.
Perhaps I'll be doing the podcast solo when you're on holiday.
Amy, you've only been here a few days. Is my job in jeopardy?
I did say some people find me intimidating. I didn't expect you'd be one of them.
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Chapter 2: How has the change of government impacted social housing policy?
No, I'm not intimidated. What is coming up this morning?
Maybe a little. Coming up, we are talking social housing. Rental costs have been out of reach for many families. We are going to talk to Hal Pawson next on the podcast.
It's the main centre forecast with propertybuyer.com.au.
And let's go to Sydney where it's going to be a windy day and cloudy conditions with 18 degrees as your forecast high. Melbourne expecting showers also windy with 11 degrees. Brisbane dry and windy with 21.
Chapter 3: What role do landlords play in the housing crisis?
And in Perth it should be a mainly dry day with a little bit of cloud cover and expect your high of 20 degrees.
Enjoy your morning coffee. Wake up every morning to the Real Estate Podcast.
Well, the numbers finally got to 76 for PM Anthony Albanese to form a majority Labour government. The ABC election computer is projecting that Labour will hold at least 76 seats, the minimum required to form a majority government. And it's been a long, long 10 days of counting. Remember, of course, we went to the polls on the 21st and today is the 31st.
So 10 days of musing over what the final outcome would be. And the shake-up continued yesterday with the new elected Liberal and National Party leaders in Peter Dutton and David Littleproud. It's been a while since we've seen so much clearing out of political figures and the task surely now has to be all about the economic growth for the next 18 months.
Chapter 4: How has COVID-19 affected rental affordability?
Informing you on real estate. It's the Real Estate Podcast.
Well, we're looking at social housing and just how much of a problem it's become. And joining me is Hal Pawson. He is a professor for housing research and policy at the University of New South Wales. Good morning, Hal. Great to have you on the podcast this morning. Yeah, thanks very much for the invitation. And we know that social housing is a bit of a dilemma, a bit of a problem.
First I'd like to ask you though your thoughts about the change of government and anything positive around policy signalling and whether you feel any change might happen as a result in that space.
Chapter 5: What international models can Australia learn from for social housing?
Sure. Well, I mean, just maybe just to get the terminology clear or kind of get on the same wavelength as everybody else. When we're speaking about social housing, or at least when I'm speaking about it, I'm talking about public housing and community housing.
As to the change of government, yeah, I do think that it is significant because the federal government that we've had for the last nine years has really not been interested in social housing. It's fair to say that delivery of social housing is a state and territory government. It matter. So the federal government doesn't own any or run it directly.
But federal governments have a choice as to whether they get involved in social housing at all or, you know, they do anything proactive with states and territories. And the one we've had for the last nine years has chosen not to do that. It's clear from the election platform that Labour came to the election with that Labour doesn't intend to follow that.
Chapter 6: What are the differences between social housing systems in other countries and Australia?
Labour does intend to get back in the game there. And it's specifically what they're talking about is an investment programme for social and affordable housing, totalling about $10 billion over six years. And that is supposedly going to generate 30,000 new additional social and affordable housing units over that time.
And what could a landlord be thinking about in the whole rental market? You know, we've got good landlords, we've got bad landlords and sort of a whole lot of a mixture of landlords in between. So what can they be doing to assist the housing crisis, do you think?
Well, I mean, there is obviously sort of some social responsibility that comes with being a landlord, whether you are a private individual or a company or indeed a not-for-profit provider. There's a certain amount of regulation that goes around that. But yeah, what would a private landlord, an individual, what could they do voluntarily on their part? Yeah, you're right.
Chapter 7: What future developments are anticipated in social housing policy?
There are good landlords and bad landlords. And the conditions in the market are providing an opportunity for landlords to raise the rent at the moment. And indeed, many have been doing that over the last six, nine, 12 months at least. Significantly, at rates which are much greater than we've seen in the last, well, any time since 2008, actually.
On average across the country, we've been seeing, looking at rent increases of around about 8%. annually, well, that's far above the norm for, you know, the historical, the last 10 years or so. Two or 3% would be normal.
And looking at rental affordability, most in the rental market will say, what affordability? COVID has been instrumental in making many, many Australians more wealthy through their property portfolios than anyone could have predicted. But of course, at the other end, COVID has also made it dire for those in need, hasn't it?
Well, you're absolutely right. I mean, the COVID experience of the last two years has had a much bigger and quite different impact on the housing system than we, I think anybody or very, very few people expected. The two years since COVID broke in Australia, I mean, that has really seen a kind of convulsion in the housing market that very few people expected.
And that's really true in both the house sales market and the rental market. The rental market, I think, is the part of it.
The private rental market is the part of it that's most directly relevant to the stress on the social housing system, because rising rents that we've seen at rates that haven't been recorded in Australia for well over a decade have already pushed a lot of people, low income renters, towards housing. well, more insecurity and the risk that they really can't keep up those payments.
And they might face having to hand in their keys or landlords actually removing tenants who are falling into unacceptable arrears. And I think, Amy, you've got a question.
Thanks, Craig. What overseas models, if any, could we be taking inspiration from? Or is it something more localised we should be focused on?
Yeah, that's a very good question. There certainly are other countries which do social housing and which do housing in general better than Australia, in my opinion. For many commentators, analysts in the field in Australia, many of them look towards particularly the German-speaking countries, Switzerland, Germany, Austria.
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