Is the key to ending our housing woes really just “Supply”? And will the Albanese government’s new $10 billion Housing Australia Future Fund solve that problem?
The federal government says its new fund will provide $500 million a year to build much-needed social housing.
To meet our housing targets, we need to find new ways of building more with less.
Reusing existing and obsolete buildings for new housing - adaptive reuse - is another way to provide more housing.
A final challenge to government: As we prepare to spend billions on building housing across the country, is it too outlandish to imagine we could invest a mere 1% of those vast sums in innovation programs? Innovation can deliver the increases in building productivity and capacity that Australia so badly needs.
While they’re at it, why not look at bringing up the standards of home insulation up to modern standards. A little bit here will pay off in the long run in terms of reduced heating/cooling costs.