The federal government committed $575 million to social and affordable housing following the Jobs and Skills Summit, with talks under way on attracting superannuation capital alongside the $10 billion Housing Australia Future Fund. Research cited a benefit to cost ratio of about two to one for such spending. PIPA questioned where roughly 200,000 additional migrants would live, noting just 36,741 rental vacancies nationally in July.
Reported by
Nelson Yap, Australian Property Journal, 4 September 2002
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
