Australia’s facing a serious affordable housing shortfall

PHOTO: The report estimates Australia needs an estimated 727,300 additional social housing dwellings in the next two decades. Picture: Jodie Richter.

Australia is facing a massive housing shortfall that won’t be met unless governments ramp up affordable home building tenfold, a new report warns.

The figures, contained in the latest report by the Australian Housing and Urban Research Institute (AHURI) out Thursday, warned the country would need an estimated 727,300 additional social housing dwellings in the next two decades – with the current shortfall sitting at 433,000 homes.

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