Aftershock - Housing Security

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This is the third report in our series of reports Aftershock: Addressing the Economic and Social Costs of the Pandemic and Natural Disasters and focuses on Housing Security.

Original modelling for this report by Impact Economics and Policy shows that across NSW 54,000 households have entered or experienced a worsening in housing stress since the start of the pandemic.

Since the start of 2020, there has also been an increase of around 10 per cent in the number of people seeking assistance from Specialist Homelessness Services that are experiencing homelessness. This increase is consistent with an additional 3,700 people in NSW experiencing homelessness when compared to the start of the pandemic.

In this report, we highlight a number of reforms that the NSW Government should progress as a matter of urgency:

• Building at least 5,000 new social housing dwellings per year to keep up with growing demand.

• Implementation of stamp duty reform that will improve the efficiency of the housing market.

• Tenancy reform that will provide renters greater protections and security.

The Daily Telegraph covered the report in this article.