The Give Me Shelter report by Housing All Australians in partnership with SGS Economics provides an economic analysis of the long term costs to Australia if we do not provide sufficient housing for everyone.
The study shows that the lack of investment in housing has led to a decrease in social housing from 6% to 4% of housing stock. That’s an actual decrease of 33%.
The report estimates that the failure to act on shelter needs will cost the community $25 billion per year by 2051. The economic return is stated as ‘every $1 the Australian community invests in social and affordable housing will deliver $2 in benefits.’
The report makes the case for investing in social and affordable housing as offering strong economic and social returns. And it’s the right thing to do.