The housing shortage, lack of affordable homes to buy and shortage of long term rental properties are hot topics Australia wide.
Queensland’s housing and homeless crisis is spiraling, and escalating house prices combined with record low vacancy rates in South Australia means low income earners are struggling to find affordable homes to rent, let alone buy. And New South Wales estimates a current shortfall of over 220,000 social housing dwellings.
It’s the same story in Victoria. You’ve likely seen plenty of media coverage on the topic and perhaps formed your own opinions based on your personal experience.
As are the other state governments, the Victorian government is attempting to address the housing crisis with a number of initiatives and legislative reforms. Their Housing Statement Progress Update provides an outline of initiatives achieved to September, 2024.
Read the update to see how the Victorian government believes their housing reforms are tracking thus far, and see if it aligns with your own observations.
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By Wendy Chamberlain
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With a passion for all things real estate spanning over 20 years, Wendy loves that her role as a Buyers Agent or Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.