A pulse on social and affordable housing in Australia
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22 Aug 2024
Insight
Our report provides a "pulse" on the current state of social and affordable housing in Australia. As you read through the report you will hear from senior industry leaders on current housing opportunities and barriers. This includes observations on the importance of both private and government funding to meet the nation's housing targets, and opportunities for reform to fast-track housing delivery, including the collective desire for “a truly national system”.
Who was surveyed?
Industry leaders back HAFF
- Two-thirds (66% ) applied for the HAFF funding.
- 98% of those who applied said the HAFF will be a significant source of support for the delivery of social and affordable housing in Australia.
When asked what has been working well, there was a strong consensus that government investment schemes, and in particular the HAFF, was crucial to supporting the delivery of housing...The first allocation of funds are expected to be announced soon and will be administered by Housing Australia."
Nicholas Carney
Partner and Global Co-Head of Infrastructure
How is the national target tracking?
Industry says national housing target will be met, but not in the next 5 years
49% believe the government target will be met in the next 8-10 years
22% believe it will be met within the timeframe
20% believe it will be met in the next 6 – 7 years
8% believe it won’t be met in the next 10 years
- Cost of construction
- Planning approval timeframes
- Return on private investment
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Legal Notice
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2024
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