The main driver of homelessness in Australia is housing costs – post-COVID rents, house prices and interest rates are all much higher. To house everyone, the housing system needs a major overhaul.
A new UNSW report recommends a Royal Commission and broader RBA remit to address the effect of soaring house prices on productivity, economic instability and inequality.
The pledge to build 30,000 homes over the next five years exposes the government's inaction, but it's still only a fraction of the number Australians need.
