SYDNEY still critically UNAFFORDABLE for large proportion of RENTERS, index shows

 

WHY ?

That would be readily explained by the housing boom, the foreign demand, the shortage and lowest wages growth with many on a road to nowhere …

THE GROWTH LOBBY have not lost their appetite for ever more development looking to further broaden their market overseas …

IN the LNP allowing this to continue it will come back to bite with loss of productivity, congestion is contrary to a good economy as with poor health outcomes …

MEANWHILE the marginal forms of housing of caravan parks, boarding houses, and share properties are disappearing due to lucrative higher density for developers …

WHY did the erosion of Public Housing come about?  What were its origins?  Were they in self-interest through a lobbyist organisation intervening on behalf of  Developers and/or the Social Housing sector? 

There used to be Public Housing in Lane Cove North(?) Mowbray Road area, and it has disappeared for private cutterbox redevelopment …

THE LNP should restore “Public Housing” because a mere 5,000 “social housing” dwellings per annum for the next 10 years cannot address a Sydney dwelling shortage of 80,000 and a 56,000 shortage across NSW.

IT is the high population growth of both permanent migration and VISA MANIPULATION that has displaced the incumbents from housing!  The heightened competition from overseas buyers escalated property values, rents and loss of availability!

Also view “Need to Build Affordable & Public Housing for Incumbents:  Stop Overseas Population Crush!”

https://caanhousinginequalitywithaussieslockedout.wordpress.com/2018/11/26/4719/?fbclid=IwAR2jDiksz-9A2udizQoP3q6COdL4nxiB8tZ8d5ehLb1XQGX5acNtZTOoxDQ

 

 

Sydney still critically unaffordable for large proportion of renters, index shows