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Anglicare says government spending eight times more on private investors than building housing itself

The Anglicare Australia executive director, Kasy Chambers, says the government must step up and intervene, instead of leaving housing to the private sector:

We found that the government spends eight times as much propping up private investors as it does on building housing itself. This approach is wrong, and it's supercharging rents and house prices.

Housing cannot be left to hobby landlords and private developers. Only our government can ensure that rentals are affordable by building homes itself, and by fixing Australia's unfair tax system.

289 rentals (0.6%) were affordable for a person earning a full-time minimum wage.

89 rentals (0.2%) were affordable for a person on the age pension.

31 rentals (0.1%) were affordable for a person on the disability support pension.

3 rentals (0%) were affordable for a person on jobseeker.

0 rentals (0%) were affordable for a person on youth allowance.

This is not hyperbole. It is Australia's new normal.