Australia Experiencing a Housing Crisis, Needs Social Housing Fund: Think Tank

Australia Experiencing a Housing Crisis, Needs Social Housing Fund: Think Tank
A resident stands on a balcony of a public housing apartment in Redfern in Sydney, Australia, on Sept. 16, 2021. Lisa Maree Williams/Getty Images
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The Grattan Institute has said in their latest report that Australia is experiencing a housing crisis, where citizens are now spending a greater proportion of their income on housing than in the past.

The think tank called on the federal government to create a Social Housing Future Fund to finance new social housing stock, which is falling in proportion to all dwellings.