1 / 7

Hardship & Residential Tenants

Hardship & Residential Tenants. Presentation to Community & Financial Hardship Conference. characteristics of private tenants.  1 in 5 households (350,000+)  70,000 households in social housing high level of single and single parent households high level of low income households

trinh
Download Presentation

Hardship & Residential Tenants

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Hardship & Residential Tenants Presentation to Community & Financial Hardship Conference by Mark O'Brien, CEO

  2. characteristics of private tenants •  1 in 5 households (350,000+) •  70,000 households in social housing • high level of single and single parent households • high level of low income households • 85,000+ private renter households earn less than $500 per week • significant NESB component • 60,000+ private renter households with LOTE speaker • new arrivals • less transition • 40%+ renting for more than 10 years

  3. unaffordable • high rents relative to low incomes • < 1:5 affordable for low income • increasing rents • 12% for 12 months (< March 2008) • limited effect of rent assistance • 35% of CRA recipients still in housing stress (>100K households) • low wage singles excluded

  4. figure 1: estimated composition of housing stress* private rent public rent outright owner purchaser 230,000 (26%) 590,000 (67%) 38,000(4.4%) 23,000(2.6%) * Source: NATSEM, 2004

  5. inappropriate • poor standard • more repairs required and more structural defects (1:5 require repair) • less energy efficient (1:10 no heating) • poorly located • affordable housing v job opportunities, social services etc. • overcrowding • 16.5 % of households (v 2.7% owned) • poor security of occupancy • no reason eviction

  6. inaccessible • discrimination • real estate agents and landlords • tenancy databases ( 1.3m listed) • shortage of low cost rental housing • general vacancy rate 1.4% • est. 14,000 units in Victoria • negligible alternative supply • public housing targeting • community housing sector <1% of all existing housing tenures

  7. private market failure is not new • Henderson Inquiry 1975 • “Our research…showed that after meeting housing costs, renters of privately owned accommodation are substantially poorer than the rest of the population.” • >30 years of policy development and implementation • implementation of CRA (1982) • negative gearing (1985/1987) • public housing targeting (1990’s) • homeless services growth

More Related