The public servant lived in share houses for almost two decades, until she found a way to bring the great Australian dream within reach.
Rose Bishop lived in share houses for almost two decades, until she found herself in lockdown in a rental with black mould.
Housing experts warn affordability is now so stretched that a range of measures is needed at each level of government to make progress.One measure that various state governments have tried is shared equity. Bishop used the Victorian Labor government’s Homebuyer Fund to buy her unit in inner Melbourne’s Travancore.
“I am very passionate about people who weren’t from high-income backgrounds or who don’t have financial support from elsewhere being able to be in a position to just have housing dignity,” she said. He would like to see more homes built to meet the needs of a growing population but also a wealthier population that is demanding more space.“In a world where people are getting desperate and they are not confident governments are delivering for them, they can be tempted to look at things that sound good and won’t help.”
Independent economist Saul Eslake urges more supply, including social and affordable housing and planning changes to boost private-sector building.Eslake says the shared equity scheme will help those who can access it. He warns that increasing demand for housing can push prices up, although he thinks the limited size of the scheme means any effect will be small.
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