Melbourne’s population growth has not only added a huge amount of pressure to the suburbs, it’s also put just as much financial pressure on those who can least afford it. The result? A housing affordability crisis with more than 100,000 Victorians desperately needing an affordable home.
The problem is now so dire that local councils and housing advocates are calling for action in the lead-up to next month’s state election.
Victoria already needs 164,000 more affordable homes to meet the current demands of very low and low income families struggling to make ends meet. Added to this, the predicted shortfall of a further 30,000 affordable homes over the next decade – meaning nearly 200,000 homes are needed by 2028.